Gold futures rose on Wednesday, but remained stuck near the $ 1,700 per ounce level, traders looking for an engine to push the yellow metal in one way or the other. 39; another.
Gold for delivery in June at Comex
GC.1,
-0.14%
GC00,
+ 0.38%
up $ 6.80, or 0.4%, to $ 1,713.60 an ounce, while in July silver
SIN20,
+ 0.32%
it rose 10.1 cents to $ 15.81 per ounce, up 0.6%.
"Gold remains intractable at around $ 1,700 an ounce. Increase in the flight to security and decrease in American yields. USA They support the yellow metal below the $ 1,700 mark, but at current levels, investors doubt the ability to hedge gold in the face of renewed panic over risky assets, "said Ipek Ozkardeskaya, analyst at Swissquote, in a note
"However, in the event of headwinds, we are confident that the price of gold could increase this level to $ 1,800 without a doubt," said the analyst.