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Strong greenback squelches precious metals bulls

From kitco.com

Gold prices are posting modest losses in midday U.S. trading Thursday. A strong rebound in the U.S. dollar index from early week lows is limiting buying interest in the precious metals markets today. Rising U.S. Treasury yields are also a bearish outside market force for gold and silver. December gold was last down $3.10 at $1,717.50 and December silver was up $0.005 at $20.55. Early this week there were some notions in the marketplace that the Federal Reserve could ease up on its aggressive monetary policy tightening. However, stronger U.S. economic data this week and still-hawkish comments from Fed officials have ... (full story)

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  • Category: Fundamental Analysis