Gold, Silver See Solid Gains on Safe-Haven Demand as Stocks Stumble

Live Spot Gold

SPOT MARKET IS OPEN
closes in 3 hrs. 9 mins.Dec 03, 2019 13:51 NY Time

Bid/Ask1478.20 / 1479.20
Low/High1459.00 / 1482.30
Change+16.40+1.12%
30daychg-35.90-2.37%
1yearchg+247.90+20.15%
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Silver Price & PGMs

Dec 03, 2019 13:51 NY TimeKitco 10AM Silver Fix

Silver17.15+0.27
Platinum908.00+12.00
Palladium1834.000.00
Rhodium5400.000.00

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(Kitco, Tues. Dec 3rd, 2019) – Gold and silver prices are posting solid gains in midday U.S. trading Tuesday, on safe-haven buying amid a U.S. stock market sell-off following downbeat remarks from President Trump regarding the U.S.-China trade negotiations. February gold futures were last up $16.30 an ounce at 1,485.50. March Comex silver prices were last up $0.259 at $17.225 an ounce.

Trader and investor risk appetite up-ticked Tuesday following Trump’s comments in London, regarding a partial U.S.-China trade deal. Trump said there is no timetable on even a partial deal and implied any deal could come after next year’s U.S. presidential election. “In some ways, it may be better to wait until after the election,” said Trump. Trump on Monday threatened Brazil and Argentina with trade tariffs and on Tuesday did the same to France.

Asian equities were mixed and European stock markets were mostly lower Tuesday.

The key “outside markets” today see the U.S. dollar index weaker. Nymex crude oil prices are slightly higher and trading around $56.00 a barrel. 

Live 24 hours gold chart [Kitco Inc.]

Posted by :

Jack Dempsey , President

401 Gold Consultants LLC

jdemp2003@gmail.com

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