After falling to the mat last week, the gold market has bounced back and is fighting tooth and nail to reclaim the $2,000 ounce level.
The precious metal market has seen a resurgence of momentum after suffering its biggest weekly loss since March. December gold futures last traded at $1,989.90 an ounce, up 2% on the day. The yellow metal briefly pushed to $2,000 before falling back down.
While the gold market has been in the spotlight, some analysts have noted that silver is the metal investors should keep an eye on. Silver outperformed gold Monday with prices rallying more than 5% during the session. September silver futures last traded at $27.55 an ounce.
Gold and silver saw consistently higher prices through the Monday session as a weaker U.S. dollar and disappointing global economic data came in during the weekend.
Source Kitco
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