{"id":47508,"date":"2013-09-27T08:26:00","date_gmt":"2013-09-27T08:26:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/weaker-dollar-boosts-gold-and-silver-prices\/47502\/"},"modified":"2013-09-27T08:26:00","modified_gmt":"2013-09-27T08:26:00","slug":"weaker-dollar-boosts-gold-and-silver-prices","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/weaker-dollar-boosts-gold-and-silver-prices\/47508\/","title":{"rendered":"Weaker Dollar Boosts Gold And Silver Prices"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold prices<\/a> edged higher during Asian trading hours on Friday as broadly weaker dollar supported the demand; however gains are likely to be capped as investors remain reluctant to take fresh positions due to uncertainty over the <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">Silver prices<\/a> also edged higher in early trading on Friday.<\/p>\n<p><span id=\"more-47508\"><\/span><\/p>\n<p>At last check, gold futures for December delivery edged up 0.71% to $1,333.50 an ounce while spot gold added 0.89% to 1,334.90 an ounce.<\/p>\n<p>SPDR Gold Trust (ETF) (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=GLD\" target=\"_blank\" rel=\"noopener\">NYSE: GLD<\/a>) gained 0.77% in <a href=\"https:\/\/stockmarketwatch.com\/markets\/pre-market\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> trading to $128.78.<\/p>\n<p><a href=\"https:\/\/stockmarketwatch.com\/metal\/silver-price.aspx\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">Silver<\/a> futures edged up 0.29% to $21.83 an ounce.<\/p>\n<p>The dollar Index edged lower on Friday due to continued policy-paralysis in Washington over the debt-ceiling issue. The policy logjam has supported metal\u2019s safe-haven appeal somewhat.<\/p>\n<p>Gold prices touched a record high of $1,920 in September 2011 when both euro zone debt crisis and U.S. monetary policy concerns prompted investors to seek safety in gold.<\/p>\n<p>Commenting over lack of momentum in the gold market, Saxo Bank\u2019s head of Commodity research, Ole Hansen said &#8220;Many traders are sidelined at the moment as a general level of confusion exits,&#8221;<\/p>\n<p>&#8220;Support is obviously coming from the U.S., where lawmakers are once again playing Russian roulette with the budget and debt limit, added Hansen.<\/p>\n<p>Meanwhile, the physical side demand in Asia continues to remain weak. Orders from China have eased as the nation will remain shut on Oct. 17 due to a national holiday.<\/p>\n<p>Speaking to Reuters, a Hong Kong based precious metal dealer said, \u201cPeople are postponing shipments to the later part of October. Right now demand is very quiet over there.\u201d<\/p>\n<p>&nbsp;<\/p>\n<div class=\"nr_popular_placeholder\" data-permalink=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/weaker-dollar-boosts-gold-and-silver-prices\/47508\" data-title=\"Weaker Dollar Boosts Gold And Silver Prices\"><\/div>\n<p><script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20131002104900js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> <\/p>\n<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a><br \/>\n<a class=\"addthis_button_preferred_2\"><\/a><br \/>\n<a class=\"addthis_button_preferred_3\"><\/a><br \/>\n<a class=\"addthis_button_preferred_4\"><\/a><br \/>\n<a class=\"addthis_button_compact\"><\/a><br \/>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n<p><script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script><br \/>\n<!-- AddThis Button END --><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-kick-off-q4-on-a-strong-note-all-three-major-indexes-end-sharply-higher-despite-shutdown-worries\/47608\"><br \/>\nStocks Kick Off Q4 on  a Strong Note; All Three Major Indexes End Sharply Higher Despite Shutdown Worries<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-plunge-more-than-3-as-demand-for-safe-haven-bets-disappear-silver-prices-also-fall-sharply\/47604\"><br \/>\nGold Prices Plunge More Than 3% as Demand for Safe-Haven Bets Disappear; Silver Prices Also Fall Sharply<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-extend-gains-3\/47602\"><br \/>\nStocks Extend Gains<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-gain-in-early-trading-33\/47599\"><br \/>\nStocks Gain in Early Trading<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-index-down-as-government-shutdown-begins\/47597\"><br \/>\nForex Market Update: Dollar Index Down as Government Shutdown Begins<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-and-silver-prices-edge-lower-12\/47592\"><br \/>\nGold and Silver Prices Edge Lower<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stock-futures-gain-11\/47590\"><br \/>\nStock Futures Gain<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20131002104900im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script--><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices edged higher during Asian trading hours on Friday as broadly weaker dollar supported the demand; however gains are 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