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Gold Bulls "Buy The Dip" As Trump Brow-Beats Federal Reserve

From kitco.com

Gold prices are modestly up in early-afternoon U.S. dealings Tuesday. Early selling pressure that was tied to keener trader/investor risk appetite this week gave way to some bargain hunting following recent losses in the yellow metal. A slightly lower U.S. dollar index today and U.S. stock indexes backing down a bit also worked in favor of the precious metals market bulls. August gold futures were last up $1.50 an ounce at $1,330.90. July Comex silver prices were last up $0.101 at $14.74 an ounce. The gold market may have been somewhat supported today by President Trump brow-beating the Federal Reserve again. He ... (full story)

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  • Category: Fundamental Analysis