Gold futures lost ground Monday, ending lower as renewed optimism on the trade front and talk of stimulus by global policy makers dulls investor appetite for havens.
Gold for December delivery fell $12, or 0.8%, to end at $1,511.60 an ounce, while September silver declined 18.2 cents, or 1.1%, to end at $16.94 an ounce. Gold saw its second daily decline after ending Thursday at the latest in a string of more-than six-year highs.
In other metals trade, October platinum rose $5.30, or 0.6%, to...
Gold futures climbed on Tuesday, with a slide in U.S. Treasury yields helping the haven metal recoup more than a third of what it lost a day earlier, when a rally in the U.S. stock market prompted some settling in bullion.
Gold for December delivery rose $4.10, or 0.3%, to settle at $1,515.70 an ounce, after the commodity gave up $12, or 0.8%, Monday. September silver picked up 20.8 cents, or 1.2%, to $17.148 an ounce, following a 1.1% loss a day earlier.
Precious metals gained some altitude...
The dollar held near a three-week high on Tuesday, as expectations global economies would unleash fresh stimulus and an improvement in appetite for riskier assets lifted yields on U.S. government bonds.
Yields on benchmark U.S. Treasuries pulled away from three-year lows as investors tip-toed back into riskier assets, lured by hopes for stimulus in major economies such as Germany and China, which eased more recent global recession fears.
Investor focus on Tuesday will shift to the first...
Hong Kong shares jumped more than two percent Monday following a healthy lead from Wall Street with investors cheered by positive comments on trade talks by Donald Trump's top trade adviser.
The Hang Seng Index climbed 2.17 percent or 557.62 points to end at 26,291.84.
The benchmark Shanghai Composite Index gained 2.10 percent, or 59.28 points, to 2,883.10 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rallied 3.05 percent, or 46.49 points, to...
Gold prices held steady on Tuesday after posting their biggest daily decline in a month in the previous session, plummeting below a key psychological level of $1,500 an ounce.
Spot gold edged up 0.1% at $1,496.80 per ounce at 00:50 GMT.
On Monday, gold skidded 1.2% to reach $1,495 an ounce, below the key level of $1,500. This marked its biggest daily decline since July 19.
Source : Reuters