Gold Pressured as Markets Await FOMC Minutes
Wednesday August 17, 2016 08:01
(Kitco News)Â - The key "outside markets" today find the U.S. dollar index trading firmer on a corrective bounce from recent strong selling pressure that drove prices to a seven-week low Tuesday. Meantime, Nymex crude oil prices are weaker on a corrective bounce from recent gains that saw prices hit a four-week high on Tuesday. World stock markets were narrowly mixed overnight and the U.S. stock indexes are pointed toward steady openings when the New York day session begins. Some profit-taking from recent gains has been seen the past couple days. Many world stock indexes are at or near record or multi-year highs.
By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
Follow Jim Wyckoff @jimwyckoff
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
