Gold marginally higher on Fed chair speculation


Gold finished marginally higher today at $1282.04 up $1.71. Silver also traded sideways.  In Asian trading last night gold sunk toward $1270 level on Shinzo’s Abe’s victory in Japan’s parliamentary elections, a win interpreted as yen negative (dollar positive).  It rebouned during U.S. trading following a Bloomberg article raising the the possibility Jerome Powell, who is widely seen as an interest rate dove, might become the next Fed chairman.  Silver traded sideways today.

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