Gold up, touches 2-week peak but still near December lows

AFTERNOON UPDATE

FOREX Closes: Gold $1258.10 (+3.10) / Silver $16.12 (+7¢)

Reuters/Renita D. Young and Eric Onstad/7-9-2018

“Gold rose on Monday, touching its highest in two weeks as the dollar weakened and the Chinese yuan recovered from June’s lows, and gold stayed higher even as the dollar bounced up, as some investors bought bullion to cover short positions. “

USAGOLD note:  Gold tracked down most of the day from highs achieved in Asia and Europe overnight.  We invite you to scroll below for more information on today’s market action and what’s affecting the gold market.

 

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