from Gold Silver Worlds:
In his weekly market review, Frank Holmes of the USFunds.com nicely summarizes for gold investors this week’s strengths, weaknesses, opportunities and threats in the gold market. Gold closed the week at $1,280.08, down $24.75 per ounce (-1.90%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 3.08%. The U.S. Trade-Weighted Dollar Index rose 1.08% for the week.
Gold Market Strengths
Persisting geopolitical risks and low bond yields have continued to push investors toward gold exchange traded funds (ETFs), which have seen the largest inflows in nearly two years. The Chicago Mercantile Exchange lowered its initial margin requirements this week for gold, silver, platinum and palladium after prices fell after the release of the Fed minutes.
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