Gold prices closed higher on the week and higher on the day, this in light of a continued risk-on environment and a stronger U.S. dollar. For the 61st time this year, the S&P 500 has closed at a new record high.
Recent Reports
The ancient Indian parable about the blind men and an elephant succinctly defines how one’s perspective will color the conceptualization of an event. As such, analysts can view the same event in remarkably different ways.
The final FOMC meeting for 2017 concluded today, and as far as gold prices are concerned, it ended with a pop rather than a whimper.