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Gold rises Friday and set for weekly gain as investors await President Trump statement on China
Author: CarrolBucklin
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Gold rises Friday and set for weekly gain as investors await President Trump statement on China
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Oil Prices Hover Around 3-Week High; USD Firmed as Odds of Taylor as Next Fed Chair Climb
Tensions between Iraq and the semi-autonomous Kurdish region abated temporarily as the former reportedly took back control of all disputed oil fields. Crude oil prices were in consolidative mode, hovering about the highest levels in 3 weeks.
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Oil Prices Hover Around 3-Week High; USD Firmed as Odds of Taylor as Next Fed Chair Climb -
Gold Declined as Encouraging Data Spurred Further Tapering Expectations
Gold plummeted for the first time in 4 days as strong home sales growth sent the US dollar higher and again raised speculations of the Fed’s QE tapering. The benchmark Comex contract fell to as low as 1322.3 before settling at 1328, down -1.09%.
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Gold Declined as Encouraging Data Spurred Further Tapering Expectations