Gold Rebounds Amid Bullish Outside Markets ! Gold Rebounds Amid Bullish Outside Markets
Wednesday June 08, 2016 08:00
(Kitco News) - The key "outside markets" on Wednesday find the U.S. dollar index weaker, as the greenback bears are gaining downside momentum. Nymex crude oil futures prices are higher, at a seven-month high, and are trading just above $51.00 a barrel. World stock markets were mostly weaker overnight on profit taking and on a report from the World Bank late Tuesday that said world economic growth will be 2.4% this year versus its last forecast of 2.9% growth, which was issued in January. Also downbeat was China trade data, which showed its exports were down 4.1% in May, year-on-year. U.S. stock indexes are pointed toward firmer openings when the New York session begins.
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