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goldenpolarbear

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goldenpolarbear

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Wednesday, 01/24/2018 8:47:14 AM

Wednesday, January 24, 2018 8:47:14 AM

Post# of 1715

The price of gold has climbed to a four-month high today due to a weaker US dollar.

The dollar has extended losses today following comments made by US Treasury secretary Steven Mnuchin at Davos that a weaker dollar is "good" for US trade.

Gold rose more than one per cent to $1,355.20 a troy ounce this morning, its highest level since September, as the weak dollar made gold more attractive for overseas buyers.

In September, gold jumped due to escalating tensions between the US and North Korea, but the price of the yellow metal dropped off again towards the end of 2017.


http://www.cityam.com/279379/price-gold-has-risen-fresh-four-month-high-weak-us-dollar
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