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26 Aug 2014
Gold recovers from 2-month low
FXStreet (Córdoba) - The yellow metal recovered some ground Tuesday and climbed back to the $1,290/oz area as the greenback eases across the board following a sharp rally inspired by not-so-dovish Yellen remarks in Jackson Hole.
Gold prices edged higher but remained near 2-month lows as a firm dollar and better risk appetite continue to weigh on the metal. Gold for December delivery was up $9.10 or 0.70% at $1,288 an ounce, having hit a daily high of $1,292 in recent dealings.
Prices hit a 2-month low near $1,273 on Aug 21 amid speculation of an eventual US rate hike.
As for silver, the gray metal also edged higher, hitting a daily peak of $19.55 before easing slightly.
Gold prices edged higher but remained near 2-month lows as a firm dollar and better risk appetite continue to weigh on the metal. Gold for December delivery was up $9.10 or 0.70% at $1,288 an ounce, having hit a daily high of $1,292 in recent dealings.
Prices hit a 2-month low near $1,273 on Aug 21 amid speculation of an eventual US rate hike.
As for silver, the gray metal also edged higher, hitting a daily peak of $19.55 before easing slightly.