commodities | Economy | Federal Reserve | gold | John Reade | Mineweb
Gold, silver stumble after their best year since the 1970s
The surprise of the year ‘was how safe-haven metals turned into momentum trades’.
Auto Added by WPeMatico
The surprise of the year ‘was how safe-haven metals turned into momentum trades’.
As Fed chair pick looms.
Gold was little changed at $4 327.33 an ounce as of 10:46 a.m. in London, up about 0.7% for the week.
Cook said Trump has no authority to fire her, and she won’t quit.
Bullion climbed as much as 0.6% before paring some gains to trade near $3 376 an ounce.
The intensifying bet comes days ahead of the central bank’s annual gathering in Jackson Hole.