Profit taking pressures gold; silver soars to 13-year high | Metals Mine

  • Profit taking pressures gold; silver soars to 13-year high

    From kitco.com

    Gold prices are lower in midday U.S. trading Tuesday. Risk appetite in the general marketplace has improved a bit this U.S. holiday-shortened trading week and that’s bearish for safe-haven gold. However, silver prices are sharply up and hit a 13-year high, on technical buying and on perceived value buying, given gold’s steep ascent to record highs in recent months. August gold was last down $16.40 at $3,401.00. July silver prices were up $0.857 at $37.30. Risk appetite is not robust but neither is risk aversion keen so far this week. President Trump left the Group of Seven summit in Canada early amid the tensions ... (full story)

Comment Options
  • Story Stats

  • Related Stories