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Morning Snapshot: Gold keeps the pressure on the upside

IMG Auteur
 
Published : February 17th, 2017
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USAGOLD/Peter A. Grant/02-17-17

Gold continues to pressure the upside, putting the high for the year at 1244.71 to the test. Lower stocks and yields this morning are seen as supportive. The dollar index is trading slightly higher, but within yesterday’s range.

The economic calendar is quiet ahead of the long holiday weekend, with just January LEI out at 10:00ET. Expectations are for a 0.4% rise.

U.S. markets will be closed on Monday in observance of President’s Day. Canadian markets will be closed as well for Family Day.

Read the rest of the article at USA Gold
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