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Home>Coins dealers headline>Gold books highest settlement in a month, 3rd straight weekly rise

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Gold books highest settlement in a month, 3rd straight weekly rise

IMG Auteur

USA Gold

Published : May 27th, 2017

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FOLLOW : Federal Reserve Gains Georgia Gold Interest Investors Market Markets North Korea Prices Rates Reserve Trump

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Category : Coins dealers headline


	MarketWatch/Myra P. Saefong & Rachel Koning Beals/05-26-17 Gold on Friday closed at its highest level of the month, lifting prices for a third week in a row as a fresh round of geopolitical jitters offset expectations for higher U.S. interest rates, which would otherwise be bearish for gold prices. Investors were watching North Korea, this weekend’s Group of Seven meeting, the coming U.K. elections, and developments surrounding the Trump administration—all helping to boost gold’s appeal as a hedge against uncertainty. “At the moment it’s increasing political uncertainty that is driving the gains rather than [Federal Reserve] speculation,” Colin Cieszynski, chief market strategist at CMC Markets, told MarketWatch.

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