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Gold prices decline on Friday

Published 12/30/2016, 12:34 PM
Updated 12/30/2016, 12:46 PM
Silver also sliding on intraday trading.

Investing.com -- The price of gold declined on intraday trading on Friday, but is still on track to finish the year with a 6% increase.

Gold was trading at $1155.80 per ounce, down $2.90, or 0.21%.

Silver was down too, at $16.04 per ounce, a decline of 0.17 cents, or 1.10%.

Other commodity prices, including platinum, palladium, and copper, were rising on intraday trading.

A major dip in the U.S. dollar index late this week is encouraging buying in the gold and silver.

Prices of gold and silver charts remain bearish, however.

A rhetorical conflict between the U.S. and Russia was impacting the dollar, which also slammed precious metals.

Russia's foreign secretary called the U.S. "foreign policy losers" for issuing sanctions over alleged, unproven hacking allegations against Moscow, and over-the-top claims that social engineering, or hacking, of John Podesta's G-Mail account led to the overwhelming electoral college defeat of Hillary Clinton in the presidential election this fall.

Latest comments

Ohbombyas baseless sanctions hurt the USD index which would have pushed PM higher, the dollar and PM always go in opposite directions, but lately the criminals that control the paper market, want to crush metals to give the illusion of a strong dollar. I think everyone can see through this charade given the worlds largest banks have admitted to manipulation of Silver and Gold for 15 years, yet nothing changes, no one is in prison.. . America is the most corrupt cesspool on Earth, dont kid yourself for one moment.. Wells Fargo/Wachovia admitted to laundering 378 Billion dollars of cocaine, CIA has admitted several times they import this poison and the US troops were protecting Opium field in Afghanistan.. . Happy New Year and may all the above entities reap the rewards of their actions when the American people wake up and correct this ship. . . Silver is mined 10 to 1 to Gold, true price discover is 1/10 that of Gold...Do the math folks
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