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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 557 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, 02:02:10 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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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, 12:20:12 pm »
$1800/oz. and lower is right now my bargain benchmark for the lovely metal.

Stocked up nicley at $1722.
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