Gold futures are retreating from their best levels since September 2016. As the US dollar strengthens, North Korean fears deteriorate, and hurricane tensions ease, investors are exiting the yellow metal and heading back into equities.
December gold futures tumbled $13.50, or 1.00%, to $1,337.70 per ounce at 16:14 GMT on Monday. Gold prices have been trading at
Silver, the sister commodity to gold, is also bleeding red ink to kick off the trading week. December silver futures dipped $0.17, or 0.95%, to $17.95 an ounce.
Precious metals were affected by a rising US dollar as the greenback advanced 0.5%. A stronger dollar is bad for
Investors were jubilant on Monday when Hurricane Irma was downgraded to a tropical storm. The
Despite reports that it had planned to test an intercontinental ballistic missile, North Korea failed to launch anything over the weekend. This has many traders coming to the conclusion that the worst is over and that
With a surging greenback, diminishing geopolitical risks, a stronger labor market, and modest economic data, is the Federal Reserve on track to raise interest rates at the next Federal Open Market Committee (FOMC) meeting? According to the CME Group FedWatch tool, there is a 40% chance of a third 2017 rate hike at December’s policy meeting. Gold is generally sensitive to a
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