At least eight people have died after Hurricane Irma ravaged Caribbean islands, including Saint Martin and Barbuda. More than 1 million residents of Puerto Rico were left without power but the Category 5 storm stayed just out to sea before moving towards the Dominican Republic early Thursday. Hurricane Irma is expected to hit Florida on Sunday. […]
Gold pushed through well defined horizontal resistance to trade above the major psychological level of $1,300 an ounce in early trading on Friday.
Dovish FOMC minutes released on Wednesday put pressure on the US dollar and boosted gold closer to the $1,300 level now watched by many analysts.