Afternoon Update

(USAGOLD – March 12, 2019) – Gold pushed back over the $1300 mark today with an $8.50 gain to stand at $1301 in late afternoon trading. Silver is up 14¢ at $15.44.  Gold gained early in the day on the weaker inflation data from the Labor Department. It got another push later in the day on the news that UK’s parliament rejected the Brexit arrangement the May government negotiated with Brussels. Gold’s current assault on the $1300 level began last Friday on expectations that the major central banks were going dovish to varying degrees on monetary policy to counter a softening global economy.  That sentiment underpins all else in the gold market at the moment.

This entry was posted in dailyquotes, Today's top gold news and opinion. Bookmark the permalink.