Spot Gold Traded Higher By 2.3 Percent Last Week - Dollar Advisory | Best Commodity Tips Provider

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Monday 16 October 2017

Spot Gold Traded Higher By 2.3 Percent Last Week

Spot gold traded higher by 2.3 percent last week while silver prices also rose 3.4 percent.

Gold prices rose as minutes from a U.S. Federal Reserve September meeting showed policymakers had a prolonged debate about prospects of a pick-up in inflation and slowing the path of future interest rate rises if it did not.

Weak dollar index and geopolitical tensions in Spain and North Korea further supported the rally in gold. Russia and China both called for restraint on North Korea following a Twitter post from U.S. President Donald Trump hinting that military action was on his mind.

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