The U.S. Comex gold futures dropped $11 in the past two days and ended at $1,182.20 on Thursday. While the gold futures were up 0.66% for the week, the S&P 500 Index dropped 0.89%, the Euro Stoxx 50 Index fell 1.20%, and the U.S. Dollar Index declined 0.69%.
U.S. President Barack Obama announced what he called an historic climate change agreement with Chinese President Xi Jinping that would cut both countries' greenhouse gas emissions by close to a third during the next two decades.
OPEC is feeling the pain of lower prices and Saudi Arabia has already reduced production yet it seems that with demand faltering and the dollar rising prices look to continue lower. ... the fear is that if the cartel does cut it may only succeed in losing market share.
A group of 10 nations met on the sidelines of a NATO summit to discuss how to combat Islamic State, as U.S. Secretary of State John Kerry vowed to eradicate the radical group that controls swathes of Syria and Iraq.