Gold price up on safe-haven demand amid anxious marketplace
From kitco.com
Gold prices are moderately higher and near daily highs in early U.S. trading Wednesday, on safe-haven buying amid a very nervous marketplace as the calendar is set to turn to what can be a tumultuous month of October for stock and financial markets. Traders and investors are keeping a very close eye on the currency markets. Gold prices did drop to a nearly 2.5-year low overnight. October gold was last up $7.00 at $1,633.80 and December silver was down $0.10 at $18.23. The U.S. dollar index is higher and hit another 20-year high today. A Barron’s headline today reads, “The greenback has gone ballistic.” The strong ...
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