2017-01-27 Fri

Gold futures reached more than a 2-week low as the U.S. dollar gained after President Trump’s electoral victory. The market value of gold reduced by $8 and reached $1,189.80. It reached the lowest value on 10th January. Experts have foreseen a decline in bonds, rally in the dollar, and new highs in stocks which will all affect gold pricing. Gold futures finished at their highest level since 17th November.

London Precious Metals Prices also saw a downfall in the gold pricing of $5.30, or 0.4%, to $1,189.70 an ounce. All this has led to the increase in the US Mint Bullion Coin Sales in 2017. 2,000 ounces of American Gold Eagles and 1,000 ounces of American Gold Buffalos have been sold already.