Weekly Round-Up: Gold Price Recovers from Four-week Low
Heightened geopolitical tensions between the US and North Korea pushed the gold price up on Friday, but it is still below $1,300 per ounce.
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Heightened geopolitical tensions between the US and North Korea pushed the gold price up on Friday, but it is still below $1,300 per ounce.
The gold price edged lower on Friday and was headed for a weekly loss after a North Korean missile test brought little reaction from investors.
Gold climbed on Friday after weaker-than-expected US jobs data cast doubts on further Fed interest rate hikes. In August the metal rose 4.1 percent.
The gold price rose above the $1,300-per-ounce mark as geopolitical uncertainty boosted precious metals demand.
The gold price fell on Friday after a stronger-than-expected US employment report.
The gold price rose on Friday as the US dollar fell against the euro.
The gold price edged lower on Friday after a stronger-than-expected US jobs report increased fears of another rate hike.
The gold price is on track for a weekly gain, supported by political uncertainty and a weaker dollar.
Last week’s other top-gaining TSX stocks were Katanga Mining, Sherritt International, eCobalt Solutions and Alamos Gold.
The gold price was set to touch a six-week high on Friday after a disappointing US jobs report.
Silver, copper and oil are also on track to make gains this week.
Last week’s other top-gaining TSX stocks were Mega Uranium, Avesoro Resources, Largo Resources and Corvus Gold.
Last week’s other top-gaining mining stocks on the TSX were Nautilus Minerals, Arizona Mining, Largo Resources and Coro Mining.
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Gold prices have have strengthened in a weak global financial market in 2016, while platinum is currently at its lowest level relative to gold in 30 years.
As quoted in the news article:
The jump in gold prices was also supported by plunging interest rates on a global scale. Earlier this month,
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