u.s: However, with bonds and gold overbought and bullish speculative positions at relative extremes last week, that indicates gold may be due for a near-term pause, he said, according to Market Watch. Gold for December delivery GCZ19, 0.00% on Comex fell 7.60, or 0.5%, to settle at 1,523.60 an ounce after settling at 1,531.20 on Thursday, the highest most-active contract settlement since April 2013. Drivers for gold have included global growth in negative interest rate bonds, the decline in real interest rates in the U.S., and uncertainty regarding U.S./China trade policy and political unrest in Hong Kong, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. September silver SIU19, -0.22% lost 9.2 cents, or 0.5%, to 17.122 an ounce up 1.1% for the week. An intensifying U.S.-China trade war and growing worries over the global economy saw investors pile into haven assets. Read Why gold's strong undercurrent' has some analysts eyeing 2,000 an ounce Gold settled 1% higher for the week and have rallied 6% so far in August, according to Fact Set Data.
(news.financializer.com). As
reported in the news.
Tagged under u.s, contract settlement topics.