Profit-Taking Causes the Gold Rally to Waver
Following a significant surge in the price of gold earlier this week, the precious metal lost some of its earlier gains as short-term traders raked in some profits. Meanwhile, the price of silver is still slightly higher but well below its previous peak. Figures show that December silver rose to $50.54 an ounce while December gold futures dropped to $4,113.10, reflecting short-term market volatility. Both metals gained support earlier in the week after reports suggested American legislators were close to ending the country’s recent government shutdown. The bill has since been signed by President Trump. As the government reopens, delayed…