19 Nov 2015
Gold extends recovery on USD weakness
FXStreet (Córdoba) - Gold extended its recovery from 6-year lows back above the $1,085 an ounce as the dollar continues to weaken following FOMC minutes, which failed to provide a clear sign of a December’s lift-off.
The metal, that scored its lowest level since January 2010 near $1,064 an ounce yesterday, picked up pace during the American session and climbed to a high of $1,087 an ounce. It was last trading up 1.1% around $1,080/oz.
The metal, that scored its lowest level since January 2010 near $1,064 an ounce yesterday, picked up pace during the American session and climbed to a high of $1,087 an ounce. It was last trading up 1.1% around $1,080/oz.