Gold futures are slightly up this morning after touching a one-week low in the previous session. Meanwhile, silver futures climbed to a new one-year high on Tuesday.
Expectations of an interest-rate cut by the U.S. Federal Reserve next week and geopolitical tensions in the Middle East are making precious metals more attractive as a hedge against uncertainty. But gold came under pressure as the U.S. Dollar Index reached a five-week high on Wednesday. The U.S. currency was supported by a deal to extend the U.S. government’s debt limit, which was announced late Monday in a tweet by U.S. President Donald Trump. Continue reading →