Gold Prices Higher on $ Weakness

as informed in Gold prices rose higher on the back of a weak $ however still they are finding the 1300 zone to be a difficult 1 to crack through. This wasn't liked with the markets & the next $ purvey off pushed the gold prices towards the 1295 zone from where it has corrected a bit as of this morning. This Information Systems foreseen to still in the short term as we dont see any great issues looming ahead of the oil market in the short term as yet. Silver prices were choppy at better as they failed to follow the gold prices higher in spite of the weakness in the $ over the final 24 hours. This choppiness along with ranging Information Systems likely to still in the short term.

Gold Prices remember Near $1,300 After FOMC Minutes Release

(Kitco News) - Gold prices are nearing their key psychological standard of $1,300 an ounce next the launch of the latest FOMC meeting minutes. Gold prices were at session highs immediately after the launch of the minutes from the FOMC meeting, which took place from October 31 to November 1. "Participants foreseen solid development in user spending in the near term, supported with ongoing Dominance in the labor market," the minutes said. My colleagues & I aren't proven which it [weak inflation] Information Systems transitory, & we are monitoring inflation extremely closely," Yellen told at NYU Stern School of Business. "The economic highlight in the unite states trading session [is] the launch of the minutes of the final FOMC meeting.

Gold Prices going to Pop Because doubt Information Systems the 'New Normal,' Citi Analysts Say

as mentioned in Ongoing geopolitical tensions around the world perhaps not be perfect for people's pressure levels, however according to Citi analysts they going to be perfect for gold. The banks analysts see current doubt as the "new normal," & in uncertain times people tend to move their money into safe-haven assets like gold. According to a CNBC report, the analysts reckon gold going to "push north of $1,400 per ounce for sustained periods."The current gold value Information Systems around $1,290 per ounce. "Event-driven bids for gold seem to be occurring further frequently & perhaps be the fresh normal," the Citi analysts said. "Philosophically everyone wants gold, it ought always be secure however there Information Systems massive downside risk," JPMorgan universal markets strategist Nandini Ramakrishnan said CNBC.

collected by :kiven Dixter