Gold futures settled slightly lower, silver off 1.3% Thursday

U.S. stocks also garnered attention from traders, finding some support on the heels of a fall in last week’s jobless claims and news that the U.S. economy grew at a 1.3% clip in the second quarter.

The Dow Jones Industrial Average was recently up 21 points, or 0.2%, to 11,032.

The dollar index  fell to 77.65 from 77.995 late Wednesday.

Also Thursday, an inspection team from the European Commission, European Central Bank and International Monetary Fund will return to Athens as part of the assessment of whether Greece will receive the next round of international aid.

Analysts at Deutsche Bank said Thursday that, in terms of precious metals, they continue to believe gold will be the main beneficiary of the current unstable macroeconomic environment.

“However, some concerns have been raised that the recent correction in precious metal prices during a period of heightened risk aversion is a worrying sign,” the broker said.

In particular, Deutsche Bank noted that fading demand for physically-backed gold exchange-traded funds is a possible sign “that investor appetite for gold may be reaching saturation point.” – Source: Marketwatch.com

1 2

Tags: Gold analysis, Gold future prices, Gold futures, Gold investment, Gold news, Gold price, Gold price forecast, gold prices, Silver price, silver prices