Gold Price Rebounds to $1,680 on Friday Markets
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Gold Price Rebounds to $1,680 on Friday Markets
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The gold price rebounded Friday morning, gaining $12.47 to $1,680.54 per ounce in spite of a better than expected report on U.S. retail sales. Silver climbed alongside the price of gold, advancing 1.9% to $32.42 per ounce. Strength in gold and silver prices was fueled by modest weakness in the U.S. dollar, which lost 0.3% against a basket of the world’s leading currencies.
Gold prices moved higher overnight and maintained their gains after the Commerce Department reported that retail sales rose by 1.1% in September. The increase exceeded the 0.7% consensus estimate among economists and marked the largest increase in seven months. Additionally, retail sales in August were revised higher to 0.3%....READ MORE
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