Gold settles modestly higher after touching lowest levels since mid-August

MarketWatch/Myra P. Saefong/09-28-17

Gold prices end higher Thursday, edging up after notching a six-week low as the U.S. dollar retreated from its highest level in a month. “Futures and options traders may be running scared of the [Federal Reserve’s] sudden claim of getting sober and preparing to raise rates, but private investors in physical gold don’t believe it,” said Adrian Ash, head of research at BullionVault. “They’re using this price drop to rebuild positions after taking profits over the summer,” he said.

Share
This entry was posted in Gold News, Gold Price, Gold Views. Bookmark the permalink.

Comments are closed.