Gold Makes Small Gains, Steadies Three-Day Losing Streak

Gold made some slight gains on Wednesday’s close, climbing $1.30 to reach $1,296.15 per ounce. As Reuters reported, the rise in price has steadied the yellow metal’s losing streak for the past three days. US gold futures for December delivery rose $0.30 to reach $1,297.00 per ounce.

Keeping demand low is renewed interest in the US dollar, spread from optimism relating to the country’s economy. Additionally, China, the biggest gold-buying nation, has seen weak demand of late.

Many investors are waiting for news on Friday from the Federal Reserve, which will set the tone for future gold prices.

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA
Other Companies

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Gold Outlook Report - Late 2017!

Get your FREE Updated Gold Outlook Report. Includes expert commentary, production numbers and gold stocks to keep an eye on.

Click here to get your free report!

Leave a Reply