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Better Risk Appetite Late This Week


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Better Risk Appetite Late This Week

Friday February 26, 2016 07:57
(Kitco News) - Good morning this is the open with Jim Wyckoff. Gold Prices are near steady on some mild profit taking and chart consolidation. World stock markets were higher overnight and that means there is better risk appetite in the marketplace. That's a negative for safe-haven gold. Asian and European stock indexes posted gains to end the week. U.S. Stock indexes are pointed toward higher openings Friday morning. A stabilization in crude oil prices recently is a main element assuaging trader and investor worries.

By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
Follow Jim Wyckoff @jimwyckoff