Monthly Archives: October 2017

Gold struggles even as the strong dollar takes a breather

Gold retreated slightly Tuesday, putting a third-straight climb at risk, as the yellow metal fought its way off the more than two-month lows hit late last week. The metal’s action remains closely linked to dollar moves, although their typically inverse relationship took a break early Tuesday, with markets zoned in on tax policy, the Federal […]

World Bank Places Bets on This Precious Metal, And It’s Not Gold…

When it comes to precious metals, forget gold and silver. Focus on platinum instead, according to the latest research released by the World Bank.8 The international financial institution’s Commodity Markets Outlook forecasts precious metals prices to fall by 1% next year, but with some “divergence.” “Gold prices are expected to drop 1 percent as anticipated […]

Gold Prices Dip In Asia On Stronger Dollar, Trump Fed Choice Awaited

Gold prices dipped in Asia on Wednesday with a stronger dollar weighing and markets awaiting President Donald Trump’s selection for the new Fed chief. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell 0.22% to $1,275.50 a troy ounce. The U.S. dolalr index inched up to 93.84, up […]

Gold Prices Edge Higher

Gold prices edged higher on Tuesday, but stayed within sight of the prior session’s two-week lows as markets continued to grapple with uncertainty over who will become the next Federal Reserve chief and how that will influence the outlook for interest rates. President Donald Trump told reporters on Monday he is “very, very close” to […]

Gold at two-week low.

Metals Stocks Gold at two-week low, finds little traction as dollar, stocks extend advance. Gold extended recent losses with a soft start to Monday trading, nicked by a stronger dollar and continued stock market resilience, even at repeat all-time highs. The yellow metal settled at a two-week low on Friday, suffering the biggest weekly loss […]

Gold drops to 2-week low, as dollar gains strength on tax reform hopes

The gold selloff resumed on Friday morning, with the metal falling to a two-week low as the dollar rallied on news that the Republican-controlled Senate has passed a budget blueprint. Gold for December delivery lost $8.20, or 0.6%, to $1,281 an ounce, setting it on track for its lowest settlement since Oct. 6 and a […]

Gold price movements

Price of Gold Weekly Recap: October 9 – October 13, 2017 The price of gold opened on Monday at $1,281.74, and strong interest moved that price to $1,284.76 by midafternoon before the day closed at $1,284.05. Buying in the aftermarkets showed strong momentum and resulted in a Tuesday opening price of $1,292.41, but profit taking […]