Tuesday, 16 July 2019
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Gold Futures Settle at a More Than 1-Week High
Tuesday, 18 December 2018 02:24 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures climbed on Monday, buoyed by weakness in the dollar and losses in the stock market, to mark their highest settlement in just over a week.

Prices for the metal got an added boost to intraday highs after Doubleline Capital Founder Jeff Gundlach, in an interview with CNBC, "predicted the U.S. dollar would struggle in the coming new year, and that U.S. equities will enter a bear market," said Jim Wyckoff, senior analyst at Kitco.com. February gold rose $10.40, or 0.8%, to settle at $1,251.80 an ounce, the highest finish since Dec. 7, according to FactSet data.

Source : Markewatch

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