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

MTECHTIPS;-Gold / Silver / Copper futures – weekly outlook: January 30 – February 3

MTECHTIPS;-Gold ended little changed on Friday, after weaker-than-expected figures on U.S. fourth quarter growth dampened expectations for a faster rate of interest rate hikes this year. Gold for April delivery settled at $1,190.0 on the Comex division of the New York Mercantile Exchange. The precious metal was 1.35% lower for the week, as the stronger U.S. dollar weighed. The annual rate of economic growth slowed to 1.9% in the three months to December the Commerce Department reported Friday, slowing sharply from the 3.5% rate of growth seen in the third quarter. The economy grew just 1.6% in 2016 as a whole, the slowest rate of growth since 2011. The slowdown in growth prompted speculation that the Federal Reserve will avoid hiking interest rates too quickly. Investors also remained cautious as they pondered the economic implications of President Donald Trump’s pledges of increased fiscal spending, tax cuts and protectionism. Elsewhere in precious metals trading, silver was at $17.16 a troy ounce late Friday and ended the week little changed. Copper was trading at $2.69 a pound late Friday and ended the week up 2.86%, and platinum was up 0.69% on the day at $988.45 an ounce. In the week ahead, markets will be paying close attention to Friday’s U.S. nonfarm payrolls report for January as well as Wednesday’s policy statement by the Fed

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