Gold settles higher as Trump comments weigh on the dollar

Discussion in 'Market News' started by sniper-academy, Apr 17, 2018.

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  1. sniper-academy

    sniper-academy Administrator Staff Member

    Sep 30, 2011
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    Gold prices settled higher Monday, buoyed by a weaker U.S. dollar, which fell as traders appeared to shrug off concerns of possible retaliation from Russia in the wake of the U.S.-led airstrikes in Syria. Michael Kosares, founder of gold broker USAGOLD, also said that a tweet Monday, in which President Donald Trump said China and Russia were playing the "currency devaluation game, also weighed on the greenback. June gold rose $2.80, or 0.2%, to settle at $1,350.70 an ounce.

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