Gold futures ended Wednesday at their highest in practically two weeks. “Valuable metals have been supported above all by a weaker U.S. greenback, which fell additional on the again of renewed power for inventory markets,” with U.S. benchmark inventory indexes climbing to new data amid “ongoing reflation commerce,” mentioned Fawad Razaqzada, market analyst at ThinkMarkets. This pushed international change buyers into foreign currency, in addition to gold and silver, he mentioned. The ICE U.S. Greenback Index was little modified in Wednesday dealings, however traded decrease for the week to date. February gold rose $26.30, or 1.4%, to settle at $1,866.50 an oz. That was the best most-active contract end since Jan. 7, in line with FactSet information.Market Pulse Tales are Fast-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra info on this information.
