Online:
Visits:
Stories:

By MTECHTIPS
Contributor profile | More stories

Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

MTECHTIPS;-Gold / Silver / Copper futures – weekly outlook: February 20 – 24

Monday, February 20, 2017 2:07

% of readers think this story is Fact. Add your two cents.

(Before It's News)

MTECHTIPS;-Gold / Silver / Copper futures – weekly outlook: February 20 – 24

MTECHTIPS- Gold prices fell on Friday as the stronger dollar outweighed concerns about uncertainty surrounding U.S. policy and upcoming elections in Europe. Gold for February delivery settled down 0.46% at $1,235.85 on the Comex division of the New York Mercantile Exchange. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.44% to 100.89 late Friday, reversing Thursday’s 0.72% drop and leaving it up 0.16% for the week. A strong dollar is typically bearish for gold, which is denominated in dollars and struggles to compete with yield-bearing assets when borrowing costs rise. The precious metal still notched up a weekly gain of 0.35% as uncertainty over the policies of U.S. President Donald Trump spurred safe haven demand for bullion. Elsewhere in precious metals trading, silver was at $17.97 a troy ounce late Friday, and ended the week with gains of 0.25%. Copper was down 0.39% at $2.708 a pound and ended the week down 2.55% amid profit taking, but prices looked set to remain supported amid concerns over supply disruptions. A strike at BHP Billiton (LON:BLT)’s Escondida in Chile, the world’s largest copper mine, has boosted sentiment as has an output halt at Freeport-Moran’s giant Grasberg mine in Indonesia.

MTECHTIPS-Apply For 2 Days Free Trails equity & commodity tips

WWW.MTECHTIPS.COM

07489294118-119

Report abuse

Related Stories

Comments

Featured

This Doomsday Map Is Causing the Elite to Panic—They’re Running Scared...

In Early Tweetstorm, Trump Lashes Out at Sessions for Ignoring 'Hillary Crimes'

Anonymous: How Can Anyone Ignore These Warnings? (Video)

The globalist one world currency will be very similar to bitcoin

Pedogate – PA Catholic Priest Arrested for Sexually Assaulting 10 Year Old

Leading Pastor Makes Eerie Declaration About President Trump: Something CBN Refused to Air!

What the Discovery Channel Just Did Is an Absolute Disgrace!

US Judge Enforcing Nazi Eugenics as Prisoners Are Sterilized for Shorter Sentences

Media credibility, integrity of our elections, the Somali-American cop, Victor Davis Hanson

Top Global

Important Watchman Report: The Temple Mount, the 3rd Temple & the Coming Prophetic Firestorm (Dynamic Video) JD Farag

iPhone Critical Alert: Apple Issues Warning for iPhone Users (Important Video)

Apparition in Brazil Scares Residents. Photos Went Viral on the Internet (Video)

Alert! Middle East Showdown: What Will Jordan's King Abdullah II Do Now (Videos)

This Doomsday Map Is Causing the Elite to Panic—They’re Running Scared...

Anonymous: How Can Anyone Ignore These Warnings? (Video)

There is something really big happening in the world of finance. Time to start paying attention

New Zealand storm: states of emergency declared as flooding hits South Island

Temple Mount Tensions Ready To Explode Over Israel’s Use Of Metal Detectors To Stop Islamic Terrorists

IT BEGINS: Wisconsin Company Three Square Market Becomes First In United States To Microchip Their Employees

Top Alternative

Bias! Favoritism! Criticism Follows O.J. Simpson's Parole Hearing - Guess What One Parole Board Member Was Wearing? (Video)

Sweet Encounter With the Mysterious Sea Creature of Scilly Isles (Videos and Photos)

Apparition in Brazil Scares Residents. Photos Went Viral on the Internet (Video)

Engineered Western Meltdown To Cool The East

Pineal Gland, Simulation Reality. Meaning Of Life - Disclosure (Video)

Shocking! 18-Year-Old Records Her Sister's Death Live on Instagram After Crashing Car (Video)

Holy Cow! Liberals Now Claim ‘Men Get Periods Too!’

iPhone Critical Alert: Apple Issues Warning for iPhone Users (Important Video)

Spaceships All Around Earth - Massive UFO War Above Us!

Lawyer Investigating Sandy Hook Shooting Found Dead

Email this story

Email this story