from Gold Silver Worlds:
In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,212.90 up $10.95 per ounce (0.91%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 3.72%. The U.S. Trade-Weighted Dollar Index was up 1.07% for the week.
Gold Market Strengths
Gold climbed to the highest in a week after Chinese buyers returned from holidays and investors speculated the Fed will continue to keep rates low. Volumes for the Shanghai Gold Exchange’s benchmark spot contract more than doubled on Wednesday as investors in China returned from the week-long Lunar New Year holiday.
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