Gold Prices Push out of $1300

as mentioned in Gold prices still to move higher as the tension in the Korean zone continues to escalate over the past few days. The gold prices have too been helped higher with the weakness in the $ during the same period & the combination of these 2 has helped the gold market to push out of the 1300 zone & look to trade in a powerful manner in the short term. The gold prices are likely to still to stay powerful as long as the menace from NK exists. The gold prices have been helped because of this weakness as well & it looks to still its move upwards as the tension in Korea & the $ weakness are likely to still for the short term. Silver prices have too been moving higher over the final few days, in line with the gold prices, as the tension in the Korean zone & the weakness of the $ has led to Businessmen searching for secure havens such as gold & silver to invest in.

Gold Prices height to 3-Week Top, Firming Above $1,300-Level

Gold prices height to 3-week highsInvesting.com - Gold prices started the 7 days on an upbeat note on Monday, supported with safe-haven request as near the oil-rich town of Kirkuk. Influential NY federal President William Dudley going to highest the agenda, When comments from Philadelphia federal chief Patrick Harker, Dallas federal President Robert Kaplan, Kansas town Fed's Esther George & Cleveland federal President Loretta Mester going to too be in focus. Interest average futures are pricing in of a December federal average hike according to Investing.com's federal average screen Tool. Gold Information Systems highly sensitive to hight unite states interest rates, that promote the opportunity cost of holding non-yielding bullion. Elsewhere on the Comex, tacked on 3.0 cents, or about 0.2%, to $17.44 a troy ounce.

Weekly Gold Outlook: Prices Have Room To Move Higher Near-Term

as informed in Ending a four-week losing streak, the gold market spiked above $1,300 at the begain of the North American trading session, in reaction to disappointing user value Index data. "Gold bulls can be instilled by sufficient inspiration to send prices higher, if the $ continues to depreciate," he said. Maxwell Gold, director of investment strategy at ETF Securities, too sees room for gold prices to move higher in the near-term; however, he added which prices are further likely to fall back to $1,250 an ounce as markets prepare for the last average hike of the year. He added this fear can weight on the gold market. Darin Newsom, DTN senior analyst, told which When he does see gold pushing higher in the near-term, from a technical perspective, prices are in the end headed lower.

Gold Prices Hold Above $1,300 next 3-Year High In Empire State Survey

(Kitco News) -Gold prices are holding ground above the key psychological standard of $1,300 an ounce, shaking of stronger than foreseen manufacturing information from the NY Fed Reserve. Gold prices are holding near a three-week high next the data. December gold futures final traded at $1,307.10 an ounce, up 0.19% on the day.. Businessmen still to digest soft inflation data, next Friday's disappointing user value Index report. At the same time shipments rose to 27.5, up from the Former reading of 16.2. The prices paid index fell to a reading of 27.3, drop from the Former standard of 35.80, at the same time the prices received index fell to 7, next the Former standard of 13.8.

collected by :kiven Dixter