Gold at 3-week high on dollar; palladium hits 16-year high


Reuters/Eric Onstad/11-09-17

A weaker dollar pushed gold prices to a three-week high on Thursday, the second such climb in successive days, while palladium rose to a 16-year peak as speculators resumed buying.

…”The dollar is moving a bit lower because yields are under pressure,” said Georgette Boele, commodity strategist at ABN AMRO in Amsterdam.

“There should be more upside. I expect it to move back towards $1,300 by the end of the year, in line with some further weakness in the dollar.”

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

Comments are closed.