FYI: Gold settled higher Tuesday for a second consecutive session, buoyed by a drop in a key U.S. dollar benchmark index to its lowest level in almost three weeks.
Uncertainty over the outlook for U.S. tax reform and its potential impact in supercharging the economy also supported the metal’s move higher, hitting investor risk appetite and underpinning gold’s value as a haven asset.
December gold GCZ7, +0.23% tacked on $4, or 0.3%, to settle at $1,282.90 an ounce after trading as low as $1,269.70. The exchange-traded SPDR Gold Trust GLD, +0.28% edged up by 0.5%.
Regards,
Ted
https://www.marketwatch.com/story/gold-drops-to-one-week-lows-as-global-bond-yields-tick-up-2017-11-14/print
