PRECIOUS METALS Gold: December gold contracts fell lower overnight to near $4,440 level as gains... The post Gold Retreats on Higher Yields, Profit-Taking appeared first on Archer Financial Services.
The prices of future gold contracts have closed in decline, under pressure from the high yields of the Treasures and amid the advance of oil prices, which increase inflationary risks and high interest expectations for longer, reducing the attractiveness of the metal, which offers no yield. In Comex, the metal division of the New York Mercantile Exchange (Nymex), the gold with delivery planned for October closed in fall of 1.18%, to US$ 4,387.8 p…