Gold Silver Reports — Gold retreated from a 3-week high as the dollar strengthened after an employment report eased concern that the U.S. labor market was slowing. Silver headed for the biggest weekly advance since April as holdings in exchange-traded funds edged nearer to a record.
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Gold Has Lost About 5.9 Percent in May
Gold (XAU/USD) pulled back from record highs a handful of dollars below $,4,900, following US President Trump’s softer tone at the Davos Forum, but the precious metal remains steady above $4,800, which shows that demand for safe assets remains steady.
Gold Lost The Most in 11 Weeks as The Dollar Gained
Gold Silver Reports – Gold lost the most in 11 weeks as the dollar gained on speculation that the Federal Reserve is still on track to boost U.S. interest rates this year.
Gold Up on Short Covering
Gold Silver Reports — Gold on MCX settled up 0.83% at 29262 as the dollar gave back some of its recent gains, but caution ahead of the Federal Reserve policy meeting later this week curbed its advance.