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Gold Higher, Palladium Spikes To 16-year Peak

Gold futures rose Wedensday amid renewed concerns that President Trump’s pro-growth tax reform plan will get hung up in Congress.

Dec. gold gained $7.90, or 0.6%, to settle at $1,283.70.oz, the highest in three weeks.

With today’s gain, gold has moved further from a 3-month low seen last week.

Silver also rallied as precious metals enjoyed safe haven appeal at this time of geopolitical tensions. Silver added 19 cents to $17.13 an ounce.

Dec. palladium was up $21.70, or 2.2%, to settle at $1,015.80/oz — its highest in 16 years.

The material has been provided by InstaForex Company – www.instaforex.com

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