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BUZ INVETORS Gold Closed Down Gold decreased 7.79 USD/t oz. or 0.63% to 1,239.44 on Friday June 30 from 1,245.24 in the previous trading session. Historically, Gold reached an all time high of 1898.25 in September of 2011 and a record low of 34.83 in January of 1970.
Gold for August delivery on Comex GCQ7, -0.35% rose $2.20, or 0.2%, to settle at $1,249.10 an ounce, while September silver SIU7, -0.17% advanced 14 cents, or 0.8%, to $16.791 an ounce.
Looking ahead, Lukman Otunuga, research analyst at FXTM, said in a note Wednesday that gold is likely to remain supported “with the ongoing uncertainty of Brexit [the U.K.’s split with the European Union trading bloc], political risk in Washington and jitters from depressed oil accelerating the flight to safety.”
The ICE U.S. dollar DXY, +0.08% a measure of the U.S. unit against a basket of six major rivals, was off 0.4% at 96.02 as gold prices settled, leaving it down more than 1% for the week. A weaker currency is seen boosting commodities priced in dollars, including gold, as it makes them cheaper to users of other currencies.
Gold Closed Down
|1239.44||1248.64||1898.25||34.83||1968 – 2017||USD/t oz.||Daily|
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