Gold rallies to 3-week maximum

Gold rallies to 3-week maximum

On Tuesday, gold reached a three-week maximum, while the greenback demonstrated little movement because trading volumes were believed to remain suppressed during the holiday season.

Comex gold futures rallied 0.28% being worth $1,282.30 a troy ounce, which is off its intraday maximum of $1,283.50 - its highest value since December 1.

The US currency was nearly intact, with Wall Street getting ready to resume trading after the Christmas holiday. The vast majority of European stock markets were unavailable on Tuesday due to Boxing Day and approaching New Year. In general, trading was supposed to stay thin.

Assessing the US dollar’s value versus a basket of six crucial currencies, the US dollar index rallied 0.14% being worth 92.97.

Aside from that, silver edged up 0.22% hitting $16.48 a troy ounce. As for platinum, this commodity inched down 0.13% reaching $924.50 a troy ounce. Copper surged 0.66% trading at $3.260 a pound, while palladium gained 0.63% being worth $1,036.00 a troy ounce.




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On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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