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Gold Near Steady, Shows Little Reaction to U.S. Data


Wednesday, 14 March 2018 20:06 WIB

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Gold prices are near steady in early U.S. trading Wednesday. The yellow metal is so far ignoring a batch of U.S. economic data, including a producer price index report that was a bit hotter on inflation than expected.

April Comex gold futures were last up $1.20 an ounce at $1,328.20. May Comex silver was last up $0.023 at $16.650 an ounce.

The world marketplace is still watching developments in the Trump administration after President Trump unceremoniously fired his secretary of state, Rex Tillerson, on Tuesday. The Trump administration turmoil is an unsettling element for the marketplace due to the uncertainty regarding what could happen next.

Source: Kitco


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