Gold edged lower in early Asian trade as traders weighed signs of strength in the U.S. economy against policy uncertainties.
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Hosted on MSNStock Market Today: Dow Jones Slips, This Leader Shines As Gold Pops; Warren Buffett Loads Up On These Stocks (Live Coverage)The Dow Jones Industrial Average slipped Tuesday even though the U.S. made headway on Ukraine peace negotiations. Some bullish moves by Warren Buffett's Berkshire Hathaway boosted several stocks. And ...
Gold settled up 1.7% at a new record high and silver rose 1.6%, up for a second consecutive session.
UBS analyst Joni Teves wrote that market conditions have triggered a boost to gold price forecasts, with a peak anticipated ...
Teves did keep silver (SI00) forecasts unchanged, at $35.40 an ounce by the end of the year, but the white metal could outperform gold if signs of weaker growth triggers a dovish response from the Fed ...
With the gold/silver ratio currently around $90, investors may be unwinding their positions to take profits or cut losses.
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