Gold Prices Lower On Strong Dollar

29 Sep in Blog, commodity trading, copper futures, futures trading, gold futures, Mike Seery, palladium futures, platinum futures, seeryfutures, silver futures

Gold Futures---Gold futures in the December contract settled last Friday at 1,297 an ounce while currently trading at 1,286 down a little over $10 for the trading week selling off due to several factors including the 10 year notes now yielding 2.30% which is a bearish fundamental indicator towards the precious metals coupled with the fact that the U.S dollar has now hit a 5 week high putting pressure on the precious metals here in the short term.

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