As the second month of 2018 began gold and silver rose a bit higher in the wake of the weak US dollar and, even though the currency is trying to stand up and shake all the misfortunes off, there is still doubt to its stability.
February Comex Gold futures have slipped by 0.9% and now cost 1338.1 with prior price hitting 1339.0.
After being stuck at the three-year low dollar was showing a brief comeback at the Asian markets but lost its positions upon markets closing.
Against the basket of six major currencies the dollar was a bit higher than earlier in a meek – it rose from 88.438 to 89.082.
Dollar also lost its positions against Euro this week – 0.1% was lost and now the trade is going on at the mark of $1.24275 per euro.
Against the yen, dollar managed to hold on to its own grounds and was able to push a little bit – today 108.28 yean is given for 1 dollar.
By 06:36 AM New York time, all the metals are losing points.
Gold - $1337 per ounce;
Silver slipped by 0.2% $17.16 per ounce;
Platinum declined by almost 1% $994 per ounce;
Palladium $1016 per ounce – its lowest since mid-December.