Wednesday, 9 October 2019 01:28 WIB |
PRECIOUS METALS |GOLDEMASSILVER
Gold prices gave up earlier gains on Tuesday to finish lower for a third consecutive session, pressured by strength in the dollar, a day ahead of the release of minutes from last month's Federal Reserve meeting.
Prices had climbed in earlier dealings, on doubts about a near-term resolution between the world™s largest economies, which weighed on assets perceived as risky and fed appetite for haven assets, including bullion.
Jeff Wright, executive vice president of GoldMining Inc., attributed the pullback in gold prices to œshort term trading swings [and] profit taking for some traders buying the dip.
December gold on Comex fell by 50 cents, or 0.03%, to settle at $1,503.90. an ounce, after shedding 0.6% on Monday. December silver added 16 cents, or 0.9%, to $17.70 an ounce, after losing 0.5% in the previous session.
Source : MarketWatch