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Some Risk Aversion Lifts Gold Prices

AM-PM Roundup
Some Risk Aversion Lifts Gold Prices
Jim Wyckoff Jim Wyckoff
Friday September 22, 2017 08:16
Kitco NewsShare this article:
(Kitco News) - Gold prices are modestly higher in early U.S. trading Friday. Some safe-haven demand is featured heading into the weekend. Also, some bargain hunting in the cash market and short covering in the futures market are seen. December Comex gold was last up $4.10 an ounce at $1,298.80. December Comex silver prices were last down $0.003 at $17.015 an ounce.

Risk aversion has quickly returned to the marketplace ahead of the weekend. North Korea has threatened to detonate a huge hydrogen bomb over the Pacific Ocean. “Rocketman” Kim Jong Un has also vowed to use “hardline countermeasures” in response to President Trump’s threat earlier this week to destroy North Korea.

http://www.kitco.com/news/2017-09-22/Some-Risk-Aversion-Lifts-Gold-Prices.html

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