MTECHTIPS;-Gold, silver settled higher on Tuesday

MTECHTIPS;-Gold, silver settled higher on Tuesday

MTECHTIPS- The prices of gold and silver settled higher today on Wall Street. The price of gold was $1140.30, up 0.59%, or $6.50 per troy ounce at settlement on Tuesday. Silver settled higher today too, at $16.01, up 1.56%, or 0.256 per ounce. The settlement was near a two-week high on government inflation data from Japaan. Trading was moderate with investors in the U.S. returning to work after the lengthy Christmas weekend. London markets are still closed. Analysts reckon broad concerns about European bank solvency and uncertainty surrounding President-elect Donald Trump’s economic policies will likely bolster gold prices in 2017. Trump today named a new national security advisor for domestic terrorism, Tom Bossert, a former deputy assistant for homeland security to President George W. Bush, but made no economic policy news. But, experts said, the price of gold may slip over the short-term if U.S. bond yields continue to climb. Ten-year U.S. Treasury notes were trading higher late on Tuesday, with yields of 2.563%, an increase of 0.024%.

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