Archive for January, 2016

Promising Gains for Gold, but Will it Continue?

Tuesday, January 26th, 2016


In a week looking set to be all about the weakening U.S. dollar and plummeting oil prices, gold futures have regained ground to find themselves back at $1,100–an–ounce level on Monday.

Going Gold

Not entirely unrelated to the weakening greenback, the yellow metal gained 0.8% early this week to reach a high of over $1,105. Though this gain falls short of the $1,108.90 session high, it does continue the upward trend from last week where it gained a half percent. This is particularly promising for the yellow metal in a period where almost every other asset class has fallen victim to increased volatility.
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