Even as gold continues to trade below $1,300, the œfundamental case for holding the yellow metal remains intact, said Dutch bank ING, listing three main drivers that will provide support to prices.
œWe look to physical demand, geopolitics, and inflation to provide support, ING commodities strategist Oliver Nugent said in a note published on Friday.
Gold prices closed the week below $1,300 an ounce for the first time this year, after posting the largest weekly decline since December...
Gold futures ended with a gain on Tuesday as the dollar pulled back from multimonth highs, but the precious metal still hovered near the lowest levels of the year.
June gold climbed $1.10, or about 0.1%, to settle at $1,292 an ounce. That™s more than $10 up from the $1,281.20 it grazed at one point Monday, the lowest intraday level since December. July silver meanwhile, tacked on 5.5 cents, or 0.3% to $16.575 an ounce.
Gold continued to slog near chart lows, gathering little momentum from...
Gold climbs as geopolitical tensions resurface after President Donald Trump casts doubt on possible summit with North Korea during Oval Office meeting with South Korea President Moon Jae-in.
Bullion for immediate delivery +0.3% to $1,294.73/oz at 9:30am in Singapore.
Other precious metals, Silver +0.2% to $16.5766/oz. Platinum +0.1% to $908.25/oz. Palladium +0.2% to $993.85/oz.
Source : Bloomberg
Gold futures rose slightly Tuesday as the dollar pulled back from multi-month highs, but the precious metal still hovers near the lowest levels of the year.
June gold was up $3.70, or 0.3%, at $1,294.40 an ounce. That™s more than $10 up from the $1,281.20 it grazed at one point Monday, the lowest intraday level since December. July silver meanwhile, tacked on 10 cents, or 0.6% to $16.62 an ounce.
Source : Marketwatch
Gold holds steady as investors seek fresh leads after threat of trade war abates, with dollar ticking lower.
Bullion for immediate delivery little changed at $1,292.21/oz at 9:13am in Singapore.
Other precious metals, Silver -0.1% at $16.4963/oz. Platinum -0.3% to $898.82/oz. Palladium -0.4% to $990/oz.
Source : Bloomberg