Gold prices climbed higher as the US dollar weakened and yields slipped on concerns over the disappointing US job data for December. The benchmark Comex contract initially rose to a 1-month high of 1255.3 before settling at 1251.1, up +0.34%. Crude oil prices, however, plunged as P5+1 entered into a new nuclear agreement with Iran.
Originally posted here:
Gold Firmed as Investors Speculated Fed’s Monetary Outlook, Concerned about Earnings
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