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Gains in gold are supported by geopolitical unrest, a declining US dollar, and a dovish Fed
Gold futures basis the most active December contract gained $11 in trading today when compared to yesterday’s close and is fixed at $1875.30. Gold opened at $1875.40 and closed in essence unchanged creating a doji candlestick. chart Gold was supported by dollar weakness and a decline in the yield of U.S. 10-year Treasury Notes. The dollar is currently trading lower by 0.24%, and the index is fixed at 105.555. chart Comments emanating from Federal Reserve members have been refreshingly dovish. Coming out of the Atlanta Federal Reserve President, Raphael Bostic's comments provided this sentiment as he spoke to ... (full story)