collected by :kiven Dixter
(Kitco News) - Gold prices continued to rally during after-hours trading on Tuesday, When palladium surged to a record high, as weaker unite states $ provided extra backing for the precious metals. Spot gold on Kitco.com was final trading at $1,317.20 per ounce, up 1.13% on the day. Spot palladium was at $1,086.00 per ounce, up 3.13% on the day, after nearly hitting $1,090 earlier in the session. A softer unite states $ was key in driving precious metals' prices higher on Tuesday, according to analysts, that see gold heading higher this week. "If this situation deteriorates further, look for further safe-haven request for gold & silver."On the other hand, analysts highlighted fears of short supply the time it came to explaining the surge in palladium prices.
(Kitco News) - Gold prices continued to rally during after-hours trading on Tuesday, When palladium surged to a record high, as weaker unite states $ provided extra backing for the precious metals. Spot gold on Kitco.com was final trading at $1,317.20 per ounce, up 1.13% on the day. Spot palladium was at $1,086.00 per ounce, up 3.13% on the day, after nearly hitting $1,090 earlier in the session. A softer unite states $ was key in driving precious metals' prices higher on Tuesday, according to analysts, that see gold heading higher this week. "If this situation deteriorates further, look for further safe-haven request for gold & silver."On the other hand, analysts highlighted fears of short supply the time it came to explaining the surge in palladium prices.
Gold Prices Reach Three-Month High Against a Weaker America $ - Finance.co.uk- Breaking Financial break news Updates From Around The World
Gold has unlocked 2018 on a leverage note as the value of the yellow metal soared to its top in over 3 months today. This morning, gold futures promoted with 0.31 % to $1,313.30 after breaking the psychologically significant $1,300 check final Friday. "From a technical standpoint, the yellow metal Information Systems bullish on the every day charts, as there have been consistently higher highs & higher lows. Meanwhile, data from BullionVault, an on-line gold platform, detect gold request of private Businessmen hitting a 13-month high in December to lock 2017 with a bang. Investor request for gold Information Systems likely to remember muted if the stock market's bull run continues.Will Oil & Gold Prices height This Year?
referring to Crude oil & gold prices both started the year on a company footing, however are prices will save going up in 2018? Oil prices foreseen to stay around $60, however can go as low as $30Brent crude & West Texas Intermediate (WTI) prices both unlocked above $60 a bbl this day for the 1st time ever January 2014 next a rally in the 4th quarter of 2017. "By year-end we see Brent crude at $60 per bbl by WTI 3 dollars reduce at $57 per barrel," Hansen said. "As we head into the 1st quarter of 2018, gold ought remember supported - providing the $ follows a negative trajectory. Analysts at Goldman Sachs gave an even bleaker forecast for gold prices.U.S. Mint Posts Weakest Coin discounds In A Decade As Gold Prices Rise
Editor's Note: View Kitco News' complete 2018 outlook coverage(Kitco News) - It was a tale of 2 markets for gold in 2017, as prices made their biggest gains ever 2010, however unite states Mint coin discounds were the weakest in a decade. This marked the worse year ever 2007 — a year which saw just 198,500 gold ounces sold. On highest of that, discounds of Buffalo gold coins were the worse ever, by just 99,500 ounces purveyed in comparison to 2016 results of 219,500 ounces. The WGC told which the unite states equities market was partially responsible for poor coin sales, adding which large gains in equities took attention away from the bullion. But, on a universal scale, bar & coin request was up 17% in the 3rd quarter, reaching 222.3 tons.
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