Gold edged higher on Friday after the dollar and treasury yields both backed off earlier highs. The US ten-year fell back to 2.95%, while the dollar index retraced to the 91.3 level. Against individual currencies, the dollar lost slight ground against both the Euro (1.2125) and the yen (109), but continued its advance against sterling, which shed another 1 1/2 cents (to 1.3774) and is now on the verge of taking out its 2018 low. For the week as a whole, the dollar had its best showing since November 2016; the dollar index is close to taking out the 2018 high reached back in early January.
|Precious Metals Daily Report --April 29 2018.pdf||419.7 KB|