-
Gold Moves Higher as Recovery Stalls
Gold faced some headwinds this session, leaving gains muted, but poor data paired with a pressured US dollar helped the yellow metal rally late in the week. The other precious metals are on track to end the week in the red; meanwhile, the base metals sector has faced similar challenges, prohibiting the space from locking in gains. After slipping to US$1,938.50 per ounce on Thursday (September 17) — a three-week low — the yellow metal was climbing back towards US$1,950 on Friday (September 18). Reports that US jobless claims topped 30 million in August bolstered the metal’s appeal late in the week. Despite the ... (full story)