Gold up modestly as markets reconcile opposing viewpoints
Gold is up modestly at $1328 (+$3) in early trading as markets attempt to reconcile a trio of concerns – a massive issue of U.S. government debt this week, rising oil and commodity prices and background trade and geopolitical tensions between the United States and a host of foreign countries. Some see the glass as half full, other see it as half empty on all three issues, a situation that translates to see-saw markets that objectively cannot seem to find their footing. Silver is also up a bit at $16.71 (+5¢). Even the dollar cannot seem to make up its mind – a very good day yesterday has given way to a not so good day today.
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