US Edition14 Articles
14 Articles
Gold set for seventh weekly gain as U.S. shutdown clouds rate path
Gold rose on Friday and headed for a seventh weekly advance as the U.S. government shutdown added another layer of uncertainty for investors seeking signals on the United States Federal Reserve’s monetary-easing path.
On Comex, the metals division of the New York Mercantile Exchange (Nymex), gold for October delivery closed up 1.07% at US$3,880.8 per troy ounce.
Gold Digger: Gold's heading for US$4500 and the hidden risk to high silver prices
Gold is at record highs, powered beyond US$3850/oz by a US Government shutdown But Argonaut has lifted its peak forecast to US$4500/oz Earnings forecasts up across the board for big miners and emerging developers Gold is continuing to head higher, spurred again to over US$3850/oz as the US Government heads into its first shutdown in seven years. There are many things to say about that. But as with many of the political moves in the States ove…
Today, there has been little change in gold on Friday on its way to a seventh week's profit, respectively, supported by expectations of a further reduction in US interest rates this year and concerns about the effect of government closure in the United States. By 0125 GMT, gold settled in immediate transactions at $3851.48 per ounce after registering its highest level on [...].
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