Gold prices gave up an earlier climb to finish a bit lower on Tuesday, weighed down by a second straight session of gains for the U.S. dollar.
Expectations for a slowdown in the pace of future rate increases by the U.S. Federal Reserve, however, helped cap losses for the metal.
Gold for February delivery on Comex fell by $2.20, or 0.2%, to settle at $1,247.20 an ounce, down from an earlier high above $1,255. March silver rose 2.3 cents, or 0.2%, to $14.628 an ounce, recouping some of its...
Gold futures ended with a loss on Monday, with strength in the dollar putting pressure on the dollar-denominated precious metal.
The greenback found support as the British pound touched a 20-month low after a highly anticipated vote on U.K.'s exit from the European Union was postponed. February gold fell $3.20, or 0.3%, to settle at $1,249.40 an ounce. Prices had finished Friday at their highest since July.
Source : Marketwatch
Gold advanced as holdings in bullion-backed exchange-traded funds expanded amid concerns about slowing global economic growth and a potential pause in interest rate increases by the Federal Reserve.
The U.S. central bank is unlikely to raise rates in 2019 and 2020 based on bond market indicators and the greenback is expected to weaken, according to Jeffrey Gundlach, chief investment officer of DoubleLine Capital. Money.
Spot gold +0.2% to $1,245.96/oz at 10:19am in...
Gold prices edged higher on Tuesday, supported by hopes that the U.S. Federal Reserve could pause its rate hike cycle sooner than expected and as the dollar slipped after the previous session's rally.
Spot gold was up 0.2 percent at $1,246.62 per ounce, as of 0430 GMT. It touched its highest in nearly five months at $1,250.55 in the prior session.
U.S. gold futures were 0.2 percent higher at $1,251.4 per ounce.
Source : CNBC
Hong Kong stocks dropped Monday following more weak economic data out of China, while investors also fretted over the outlook for China-US trade talks.
The Hang Seng Index shed 1.19 percent, or 311.38 points, to 25,752.38.
The benchmark Shanghai Composite Index retreated 0.82 percent, or 21.31 points, to 2,584.58, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 1.35 percent, or 18.17 points, to 1,332.53.