By continuing to use this site you consent to the use of cookies on your device. Find out more about our cookie policy and the types of cookies we use by clicking here

Gold Trims Weekly Gains

WASHINGTON (Alliance News) - Gold futures fell Friday, trimming weekly gains as US stocks ...

Alliance News 10 November, 2017 | 6:58PM
Email Form

WASHINGTON (Alliance News) - Gold futures fell Friday, trimming weekly gains as US stocks steadied.

December gold settled down USD13, or 1%, at USD1,274.20/oz., moving back toward recent 3-month lows.

After a dismal start to today's session, stocks found their footing and dented gold's safe haven appeal.

The University of Michigan released a report on Friday showing a bigger than expected pullback in consumer sentiment in the month of November.

The report said the preliminary reading on the consumer sentiment index for November came in at 97.8 compared to the final October reading of 100.7. Economists had expected the index to dip to 100.0.

Copyright RTT News/dpa-AFX

Email Form
About Author Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.