MTECHTIPS:-Gold / Silver / Copper futures – weekly outlook:

MTECHTIPS:-Gold / Silver / Copper futures – weekly outlook: January 23 – 27

MTECHTIPS- Gold ended higher on Friday, buoyed by the weaker dollar as the inauguration of Donald Trump as U.S. president fueled uncertainty about the direction of fiscal and economic policy. Gold for February delivery settled up 0.67% at $1,209.5 on the Comex division of the New York Mercantile Exchange. The metal was 0.75% higher for the week, helped by a broad weakening of the U.S. dollar. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.33% to 100.77 late Friday. The index has fallen 1.49% so far this month amid worries over Trump’s protectionist stance and following recent remarks in which he said the dollar was too strong. On Friday, Trump said his administration would put “America first” and also promised new roads, bridges and highways. But market sentiment was hit by the negative tone of the speech, which underlined uncertainty over how Trump will govern. Elsewhere in precious metals trading, silver was at $17.09 a troy ounce late Friday, and ended the week with gains of 1.59%. Copper was trading at $2.61 a pound late Friday and ended the week down 2.35% as traders locked in profits after prices hit seven-week peaks

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