Haven Issues: Gold Market and Zaner Metals

haven issues: The gold market has lacked definitive direction this week as safe haven issues have been moderated at the same time that some signs of demand have surfaced, thereby limiting the market in both directions, analysts at Zaner Metals wrote in a daily note, according to Market Watch. Certainly, the potential for flight to quality buying from the U.S. impeachment remains in play, but it would appear to be unlikely that some surprising unforeseen bombshell will surface after the intense scrutiny of the past two weeks, they said. The yellow metal also found support with benchmark bond yields pulling back from a four-month high as traders awaited details on the U.S.-China trade pact. Therefore, that issue should begin to drift to the background. Gold for February delivery GCG20, -0.13% on Comex climbed by 5.70, or 0.4%, to settle at 1,484.40 an ounce. The Democratic Party controlled House impeached Trump late Wednesday on charges of abuse of power and obstruction, but the Senate is widely expected to acquit the president. (news.financializer.com). As reported in the news.