Business
Gold price retreats on stronger dollar – MINING.COM – MINING.com
Gold is still on pace for its longest stretch of weekly gains since 2006.
Gold’s monster rally took a pause on Friday as the US dollar received some respite from investors looking for a hedge against the deepening rift between Washington and Beijing.
But bullion is still on track for a ninth straight weekly gain — the longest streak in about a decade.
Spot gold was 1.2% lower at $2,035.26 per ounce by 11:25 a.m. EDT, having hit another record high of $2,072.90 in early trade. US gold futures also retreated 1.1% to $2,044.90 per ounce in New York.
In addition to a s…
-
Noosa News18 hours agoA World-Premiere Exhibition Dedicated to Crocodiles Is Snapping Its Way Into Queensland Museum Kurilpa, Then Touring Nationally
-
Noosa News8 hours agoBlute’s Bar Is Picking Up Where The Bearded Lady Left Off, Adding Live Music to Its Late-Night Karaoke Sing-Alongs
-
Noosa News18 hours agoResearchers uncover spike in potentially fatal ‘rat lungworm disease’
-
General17 hours agoGippsland exhibition explores Joseph Turner’s impact on Australian landscape art