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Morning Snapshot: Gold well bid, despite firmer dollar

IMG Auteur
 
Published : January 11th, 2017
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USAGOLD/Peter A. Grant/01-11-17

Gold remains well bid, having set another new 6-week high overseas at 1191.32. The yellow metal is sustaining recent gains, despite a firmer dollar this morning. Short-term focus remains on 1200.

The U.S. economic calendar is light today with EIA data and the IBD/TIPP Economic Optimism Index. NY Fed President Dudley will speak on banking culture and regulation at 1:20 ET. President-elect Trump is holding a presser at 11:00 ET. There is a $20 bln 10-year note reopen today.

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