Gold little changed on the week, silver nudges higher
There is an underlying firmness in precious metals prices as we approach the year-end. The downside now appears limited with next year looking bullish.
Gold consolidated in a narrow trading range this week, while silver gained some ground. In early morning European trade, gold was $2642, $3 up on balance from last Friday’s close, and silver was $31.30, up 81 cents on the same timescale. Comex futures trading was light, as the following screenshots show for gold and silver respectively:
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