Gold holds gains as silver surges 7.4% on trade optimism | Metals Mine

  • Gold holds gains as silver surges 7.4% on trade optimism

    From kitco.com

    Gold futures extended their recent winning streak Monday, posting a fourth higher close in five sessions. The contract settled at $4,745 per ounce, up $21.90, or 0.48%, on the day, a solid if measured advance that nonetheless understated the session’s drama. The most notable price action came in the opening hour of U.S. trading. Between 8:00 and 9:00 a.m. ET, as American retail and institutional participants entered the market, gold surged $62.80, or 1.34%, briefly touching an intraday high of $4,758 before pulling back through the afternoon. The opening-hour rally accounted for the bulk of the day’s volatility ... (full story)

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