Showing posts with label Gold tips. Show all posts
Showing posts with label Gold tips. Show all posts

Friday, 29 December 2017

Best Commodity Tips, Gold tips
Gold hit a one-month high on Friday and stayed on track for its biggest annual rise since 2010 as a wilting dollar, political tensions and receding concerns over the impact of U.S. interest rate hikes fed into its rally.
The dollar, in which gold is priced, is sliding towards its worst year since 2003, hurt by tensions over North Korea, the Russian scandal surrounding U.S. President Donald Trump's election campaign, and persistently low U.S. inflation.
The dollar's drop to three-month lows versus a basket of currencies on Friday lifted gold to its highest level since late November, within a few dollars of $1,300 an ounce.
Spot gold was up 0.2 percent at $1,296.76 an ounce at 1040 GMT, off a peak of $1,297.58. U.S. gold futures for February delivery were up $1.60 an ounce at $1,298.80.
Gold will be vulnerable next year to a rebound in the currency, as well as any gains in yields, she said. The opportunity cost of holding non-interest bearing bullion increases when yields rise elsewhere.
Gold, which is also on track for its best month since August, has also benefited of late from technically driven momentum

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