Gold demand will turn “lackluster” in the second half of 2017, with prices taking a step back and falling to $1,200 an ounce, this according to one Singapore-based economist.
Gold traders will have a lot of events on their plates to digest next week, says Sean Lusk, director of commercial hedging with Walsh Trading.
(Kitco News) - Gold and silver prices are modestly up in early U.S. trading Friday, on technical rebounds, and some short covering and bargain hunting heading into the weekend. The just-released U.S. GDP report was a bit weaker than expected but did not significantly impact the markets. June Comex gold was last up $1.60 an ounce at $1,267.90. May Comex silver was last up $0.03 at $17.295 an ounce.