Gold futures settled narrowly higher Monday to reclaim a sliver of last week’s decline as the dollar largely traded flat to lower, boosting the appeal of precious metals.
Gold wrapped up Friday with its first weekly loss in three weeks after a stronger-than-expected reading for retail sales—the biggest monthly gain in a year—lifted Federal Reserve interest-rate expectations, and as a result, pushed up the dollar and depressed gold prices.
But the reaction to the data could be fleeting as few analysts have turned overly bearish on gold.
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Gold wrapped up Friday with its first weekly loss in three weeks after a stronger-than-expected reading for retail sales—the biggest monthly gain in a year—lifted Federal Reserve interest-rate expectations, and as a result, pushed up the dollar and depressed gold prices.
But the reaction to the data could be fleeting as few analysts have turned overly bearish on gold.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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