Gold prices slipped 0.8% in October Most precious metals posted gains on Friday, but they all dropped on the week and only silver eked out a win for October. Gold’s loss on the month was its third in a row following six straight monthly increases.
Gold for December delivery rose $11.90, or 0.6%, to settle at $1,879.90 an ounce on the Comex division of the New York Mercantile Exchange. "October has been a surprisingly uneventful month for gold in spite of the volatility that hit equity markets," said Ryan Giannotto, director of research at GraniteShares, which offers the GraniteShares Gold Trust. "Two countervailing forces on gold were the indefinite postponement of [U.S.] stimulus talks, a negative for gold, countered with the weakening of the dollar through much of the month," he told MarketWatch . Gold futures logged losses of 1.3% for the week and 0.8% for October. The yellow […]
October 31, 2020 (updated October 31, 2020) Published by StockMan