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Gold hits high

LONDON. Gold prices are firmer and scored a two-week high in early U.S. trading yesterday. A weaker US dollar index on this day is a bullish element for the precious metals markets. However, with little risk aversion among traders and investors at present, the upside for the safe-haven metals will likely be limited. December gold futures were last up $2,90 an ounce at $1,218.70. December Comex silver was last up $0.028 at $14,995 an ounce.

World stock markets were again mostly higher overnight. US stock indexes are pointed toward higher openings and at new record highs when the New York day session begins.

The world marketplace is still buzzing about the U.S. and Mexico coming to terms on a trade agreement. World stock markets rallied on the news. Some now reckon the US will get to work on agreements with its other major trading partners, including the EU and China. However, President Trump has indicated he’s in no rush to make a deal with China.

The key outside markets today find the U.S. dollar index weaker. The greenback bulls are fading a bit now. Meantime, Nymex crude oil prices are slightly up and trading around $69 a barrel.

Source :

The Herald

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