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Gold remains near 4 1/2 month low after upbeat November jobs data

“Read: Jobs boom likely carried over into November Gold initially pared its losses when the jobs numbers were released then fell, extending its decline” writes Rachel Koning Beals for marketwatch.com. Gold futures remained under pressure Friday, a day after finishing at the lowest mark since late July, after stronger-than-expected U.S. jobs data for November.The Labor Department said the U.S. economy created 228,000 jobs in November, underlining a robust economic picture.Looking ahead, “silver has catch-up potential vs. gold,” Weinberg and team wrote, saying they expect silver’s industrial-demand catalysts to become more…

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Gold edges up from a 4-month low, helped by geopolitical worries

“Gold prices edged higher on Wednesday, with analysts pinning the rebound in part on geopolitical worries” writes Markets Writer for marketwatch.com. March silver SIH8, -0.55% fell 0.3% to $16.015 an ounce, while March copper HGH8, +1.02%  added 1.1% to $2.978 a pound.February gold GCG8, +0.15% rose by $2.90, or 0.2%, to $1,267.80 an ounce, after Tuesday’s 1% slide to its lowest settlement in about four months.Meanwhile, Some analysts emphasized that gold has clambered back above its 200-day simple moving average after undercutting that closely watched chart level on Tuesday. Source: marketwatch.com…

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Gold trades at lowest in more than a week, on track for monthly gain

“Based on front-month futures trading, gold is on track to gain about 1% for November as a leading dollar index declined over the month” writes Rachel Koning Beals for marketwatch.com. Gold prices eased Thursday, leaving futures on track for their lowest close in more than a week and shaving a touch off the yellow metal’s November gain.Consider these options, including gold The ICE U.S. Dollar Index DXY, -0.02%  was up 0.2% at 93.40.February gold GCG8, -0.48% fell $6.20, or 0.5%, to $1,280.10 an ounce. Source: marketwatch.com Share This:

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Gold pulls back as dollar index finds its footing

“Higher interest rates tend to boost the dollar and push bond yields up, putting pressure on gold prices by increasing the opportunity cost of holding nonyielding bullion” writes Markets Commodities Reporter for marketwatch.com. Gold and the dollar typically trade inversely as moves in the U.S. unit can influence the attractiveness of commodities to holders of other currencies.The Federal Reserve’s Beige Book, a report that provides anecdotal evidence about U.S. economic conditions, will be release after gold prices settle for the session.The exchange-traded SPDR Gold Trust GLD, -0.59%  lost 0.7%.February gold…

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Gold pulls back from one-week highs as dollar index tips higher

“Gold churned below the one-week highs scored in the previous session as a leading dollar index squeezed out a narrow gain, boosted by improved U.S. GDP data” writes Rachel Koning Beals for marketwatch.com. The exchange-traded SPDR Gold Trust GLD, -0.02%  traded slightly higher premarket despite weakness for the futures.Gold and the dollar typically trade inversely as moves in the U.S. unit can influence the attractiveness of commodities to holders of other currencies.Higher interest rates tend to boost the dollar and push bond yields up, putting pressure on gold prices by…

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Gold bounces back as dollar slips

“After an up-and-down week, gold logged a roughly 0.7% weekly decline last week, its first weekly fall of the past three” writes Rachel Koning Beals for marketwatch.com. Gold failed to gain much ground last week even as the dollar struggled.The dollar hit a two-month against the euro, for instance, but gold still fell.Gold and the dollar typically trade inversely as moves in the U.S. unit can influence the attractiveness of commodities to holders of other currencies. Source: marketwatch.com Share This:

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Gold slips, heads for weekly decline, even as the dollar index droops

“After a see-saw week, the yellow metal was on track to log a roughly 0.4% weekly decline” writes Rachel Koning Beals for marketwatch.com. The Fed in early November viewed a “near-term” increase in interest rates as likely, but policy makers also expressed more alarm about persistently low inflation.Gold and the dollar typically trade inversely as moves in the U.S. unit can influence the attractiveness of commodities to holders of other currencies.December gold GCZ7, -0.42% was down $4.90, or 0.4%, to $1,287.40 an ounce. Source: marketwatch.com Share This:

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Gold gets a boost from weaker dollar, holds gains after Fed minutes

“Read: Fed doubts on inflation grow, but rate hike likely soon, minutes show Ahead of the Fed minutes, December gold GCZ7, +0.93% gained $10.50, or 0.8%, to settle at $1,292.20 an ounce” writes Markets Commodities Reporter for marketwatch.com. Higher interest rates are a negative for gold, which tends to benefit from looser monetary policy.Minutes from the FOMC meeting came out after gold futures settled and before U.S. markets break Thursday for the Thanksgiving holiday.The minutes were widely expected to show the Fed was poised to raise its benchmark short-term interest…

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Gold regains some lost ground

“Tiho Brkan, founder of The Atlas Investor blog, says gold and silver have some way to go on the downside” writes Markets Commodities Reporter for marketwatch.com. December gold GCZ7, +0.55% gained $6, or 0.5%, to $1,281.30 an ounce, after suffering a loss of 1.6% Monday.According to the wealth manager, gold and silver are “in a technical bearish reversal.Gold and the dollar typically move inversely as moves in the U.S. unit can influence the attractiveness of those commodities to holders of other currencies. January platinum PLF8, +1.25%  gained 1.5% to $937.30…

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