GLD Gold Investment Goes AWOL as ‘Short Covering’ Sees Bullion Jump vs. Sinking Dollar

Posted by on January 12th 2018 in Uncategorized | Be the first to comment!

By Adrian Ash GOLD INVESTMENT bars pushed their New Year 2018 gains to 2.3% versus a falling Dollar in London trade Friday, rising even as world stock markets extended yesterday’s fresh record highs in US equities.

Large bullion bars traded by wholesalers and investment dealers reached new 4-month highs at $1332 per ounce before edging back after new data said US inflation in consumer prices held firmer than expected in December.

The official CPI index rose 2.1% from 12 months before, with so-called “core” prices rising 1.8% from November’s 1.7% annual pace.

Platinum prices outpaced gold yet again, adding 7.3% for 2018 to …read more

Source:: BullionVault


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