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Author Topic: Gold futures score highest finish in a month, top $1,800 as investors focus on U.S. recession odds  (Read 426 times)

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Offline libertybele

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Gold futures score highest finish in a month, top $1,800 as investors focus on U.S. recession odds
« on: August 04, 2022, 06:02:10 pm »
Gold futures score highest finish in a month, top $1,800 as investors focus on U.S. recession odds

Gold prices finished 1.7% higher on Thursday to reclaim a footing above the key $1,800 mark, as investors focused on the chances of the U.S. economy slipping into a recession. December gold GCZ22, 1.82% GC00, 1.82% closed up 1.7% to settle at $1,806.90 an ounce on Comex, the highest finish for the most-active contract since June 30, according to FactSet data. Demand for the precious metal was attributed to falling U.S. Treasury yields and the ICE US Dollar index [s:dxy] against a basket of rival currencies, factors that can make gold relatively more attractive to haven-seeking investors. ...............

https://www.marketwatch.com/story/gold-futures-score-highest-finish-in-a-month-top-1800-as-investors-focus-on-us-recession-odds-2022-08-04?mod=mw_latestnews
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Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.

Offline catfish1957

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Re: Gold futures score highest finish in a month, top $1,800 as investors focus on U.S. recession od
« Reply #1 on: August 05, 2022, 04:20:12 pm »
$1800/oz. and lower is right now my bargain benchmark for the lovely metal.

Stocked up nicley at $1722.
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