Gold up
By Reuters
November 23, 2017
Gold bounced up slightly, as a weaker U.S. dollar gave bullion a boost after the previous day´s sharp decline and as investors awaited the minutes, due on Wednesday, of the Federal Reserve meeting held in November.
Gold benefited from some safe-haven buying from investors leery of a political crisis in Germany, Europe´s largest economy.
Spot gold was up 0.3 percent at $1,280.63 an ounce by 1:44 p.m. EST (1844 GMT).
The metal fell about 1.4 percent on Monday, its biggest daily percentage drop since Sept. 11. U.S. gold futures for December delivery settled up $6.40, or 0.5 percent, at $1,281.70 per ounce. Silver climbed 0.2 percent to $16.94 an ounce. On Monday, silver fell 2.3 percent, its biggest one-day percentage fall since September 26.
Gold benefited from some safe-haven buying from investors leery of a political crisis in Germany, Europe´s largest economy.
Spot gold was up 0.3 percent at $1,280.63 an ounce by 1:44 p.m. EST (1844 GMT).
The metal fell about 1.4 percent on Monday, its biggest daily percentage drop since Sept. 11. U.S. gold futures for December delivery settled up $6.40, or 0.5 percent, at $1,281.70 per ounce. Silver climbed 0.2 percent to $16.94 an ounce. On Monday, silver fell 2.3 percent, its biggest one-day percentage fall since September 26.
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