Gold Silver Reports → Gold fell as much as 2 percent on Monday as the dollar strengthened and investor appetite for risk increased,
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Gold Spot had Fallen 0.3 Percent to $1223.70 An Ounce
Gold Silver Reports → Gold eased for a second straight session on Monday as the dollar edged higher, but the metal remained underpinned above $1,200 an ounce as caution in financial markets prompted investors to channel oney into bullion.
Crudeoil Prices Weak on Over-Production
Gold Silver Reports → Crudeoil prices clung to steep losses in early Asian trading on Monday as production outpaces demand and U.S. crude stocks swelled to record levels.
Crude on Earth Concerns Related to Excessive Supply
Gold Silver Reports → Crude on earth concerns related to excessive supply, but still ended the week up nearly 10% as the prospects of a potential output freeze from four top producers boosted prices from near 13-year lows.
Gold Comex Support at $1063.20 and Upside Resistance at $1260.80
Gold Silver Reports ~ Gold ticked up on Friday, extending gains from the previous two sessions, in spite of solid U.S. inflation data which bolstered hawkish arguments for accelerated monetary policy normalization by the Federal Reserve this year.
Crude Lock in a $45 Barrel Lifeline for 2017
Gold Silver Reports ⇒ U.S. crudeoil producers reeling from an 18-month price rout have cautiously begun hedging future production this week, fearing this may be their best chance yet to lock in a $45 a barrel lifeline for 2017 and beyond.
Gold Fields Buy $200 Million of Bonds
Gold Silver Reports → Gold Fields Ltd., a South Africa-based miner of the precious metal, offered to buy back $200 million of bonds for 17 percent less than their original value.