Gold traded higher for much of the day on Monday, but lost ground late in the day and finished at $1243.60, down by about $4.80/ounce. Silver shed $.10/ounce to end at $15.72. Although a slightly weaker dollar earlier on Monday and a lone wolf terrorist attack in New York City (that thankfully did not injure anyone seriously) lifted gold at the outset of trading, prices could not maintain their gains and fell back by the close. Values were eventually brought down by concern about the upcoming Federal Reserve meeting and apprehension about what the central bank could potentially say on rates going into next year.
|Precious Metals Daily Report --- December 12 2017.pdf||432.09 KB|