Gold Pops On News Trump Says U.S. Dollar Is Too Strong

Jim Wyckoff Wednesday April 12, 2017 15:29

(Kitco News) - Gold prices rallied by several dollars an ounce in late-afternoon trading Wednesday, after U.S. President Donald Trump said in an interview with the Wall Street Journal that the U.S. dollar "is getting too strong." Gold futures ended the U.S. day session with modest gains but shot to a high of $1,285.70 in after-hours trading, basis June Comex futures, after Trump's remarks to the press. June gold was last up $9.10 an ounce at $1,283.40.

By Jim Wyckoff

For Kitco News

Related news

Wall Street all in on further gains for gold, Main Street grows more bullish for next week’s price action (2024-10-19 10:12:59)
Gold shines as ultimate safe-haven asset, set to hit $3,000/oz by 2025 – Bank of America (2024-10-19 10:07:32)
Gold and silver to rally through the end of 2024, copper likely to lag – Prosper’s Scott Bauer (2024-08-15 06:23:01)
Wall Street experts see gold gaining on renewed recession fears, Main Street bullishness not far behind (2024-08-04 16:15:53)
Phố Wall chứng kiến đà tăng giá vàng mới vào tuần tới, tâm lý lạc quan của Phố Main tăng lên (2024-07-27 17:29:24)
Wall Street sees renewed momentum for gold prices next week, Main Street’s bullish sentiment increases (2024-07-27 17:26:59)
Wall Street is balanced and cautious on gold next week, Main Street remains optimistic about price gains (2024-07-20 08:49:41)
September rate cut and Trump policies are boosting gold demand – FX Empire’s Ali (2024-07-19 05:12:10)
Gold price will average $2,500 per ounce in Q4 2024 as bull case remains intact despite sharp gains – JPMorgan (2024-07-18 11:18:51)
Wall Street sees green lights for gold next week; Main Street jumps back on the bullish bandwagon (2024-07-06 04:25:55)

TIME
Sydney	Tokyo	Ha Noi	HongKong	LonDon	NewYork

Gold Price at ABCBULLION Foreign exchange rates at CommonWealth Bank Foreign exchange rates at ANZ Bank

Prices By NTGOLD
We Sell	We Buy
37.5g ABC Luong Bar
5,333.50	4,913.50
1oz ABC Bullion Cast Bar
4,426.80	4,026.80
100g ABC Bullion Bar
14,205.60	12,905.60
1kg ABC Bullion Silver
1,728.40	1,378.40