Geopolitical Developments Fail To Boost Gold

KitcoNews/Jim Wyckoff/09-15-17

Gold prices are near steady in early New York trading Friday, despite overnight developments on the geopolitical front. The yellow metal continues to see a corrective technical pullback and some profit taking from the shorter-term futures traders after prices last week hit a 12-month high.

The marketplace is so far showing a very muted reaction to news North Korea has fired another ballistic missile over Japan. The U.N. Security Council is holding an emergency meeting today on the matter.

Reports of a bomb explosion in a London subway indicate the incident was a terror attack.

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