Gold prices experience pullback after recent highs.
TL;DR
Gold and silver prices are slightly down and up respectively, after hitting 12-month highs on Wednesday. Upbeat US jobless claims numbers briefly rallied the US dollar index, prompting a pullback in gold prices and some profit-taking. Brazil, Russia, India, China, and South Africa plan to increase their gold reserves as the price of gold is back above $2,000 an ounce due to an increasingly bipolar geopolitical world. The US markets will have to wait until Monday to react to Friday's US employment situation report for March from the Labor Department.
- Gold sees routine corrective, profit-taking pullback Kitco NEWS
- Gold prices near record high as market pressures push precious metals higher Yahoo Finance
- Gold Price Forecast: Holding on to higher ground FXStreet
- Safe-haven gold eases on its way to weekly rise on economic woes CNBC
- Gold futures move lower for a second day after recent rise to a 13-month high MarketWatch
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