Read the story here. Advertise at Before It's News here.
Profile image
Story Views
Last hour:
Last 24 hours:

MTECHTIPS;-Gold / Silver / Copper futures - weekly outlook: April 3 - 7

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

MTECHTIPS;-Gold / Silver / Copper futures – weekly outlook: April 3 – 7


MTECHTIPS-Gold prices retraced losses on Friday after a Federal Reserve official said the central bank was in no rush to tighten monetary policy this year. Gold for April delivery settled up 0.19% at $1,247.4 on the Comex division of the New York Mercantile Exchange, having touched lows of $1,246.4 earlier. Gold moved higher after New York Fed President William Dudley  said Friday that it made sense to raise rates at a gradual pace this year. Expectations of a slower pace of rate increases tend to boost gold, which is denominated in dollars and struggles to compete with yield-bearing assets when borrowing costs rise. The precious metal ended the quarter with a gain of almost 8.5% boosted by the weaker dollar and growing doubts over whether the Trump administration’s economic proposals would boost the U.S. economy and allow the Fed to tighten policy more aggressively. Elsewhere in precious metals trading, silver was up 0.3% at $18.26 a troy ounce late Friday. Platinum was down 0.24% at $953.4 a troy ounce, while palladium rose 0.1% to $798.62 a troy ounce. Meanwhile, copper fell 0.58% to $2.65 a pound following news that a labor dispute at Freeport-Memo Ran’s Peruvian Cicero Verde mine had ended. In the week ahead, investors will be looking to Wednesday’s Fed minutes for fresh indications on the timing of the next U.S. rate hike ahead of Friday’s closely watched nonfarm payrolls report


MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips





Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.