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Thin Thanksgiving trading supporting gold and silver prices
Gold and silver are seeing modest gains in a quiet holiday trading session as U.S. markets are closed for Thanksgiving. Spot gold last traded at $2,643.80 an ounce, up 0.38% on the day, while spot silver last traded at $30.20 an ounce, up 0.53%. While the precious metals continue to recover from Monday’s sharp selloff, some analysts are warning investors not to read too much into Thursday’s price action as market liquidity is extremely thin. In a comment to Kitco News, Kelvin Wong, Senior Market Analyst at OANDA, said that although gold's long-term uptrend remains intact, the precious metal is caught in a ... (full story)
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- Posted: Nov 29, 2024 12:45pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 119
