Gold prices posted a modest gain on Wednesday, recouping a portion of the loss from a day earlier as U.S. benchmark stock indexes moved lower.
Prices then moved a few cents higher in electronic trading after minutes from the Federal Open Market Committee's April 30 to May 1 meeting showed that voting members seemed comfortable with their patient stance on interest rates. In electronic trading, gold for June delivery was at $1,274.50 an ounce shortly after the meeting minutes. The contract had...
Gold futures climbed Thursday to mark their highest settlement in a week, buoyed by losses in global stock markets and expectations that the U.S. and China are headed for a prolonged trade dispute.
June gold added $11.20, or 0.9%, to settle at $1,285.40 an ounce on Comex.
Among other precious metals, silver rose 1.2% to $14.62 per ounce, while palladium edged 0.2% higher to $1,316.80. Platinum rose 0.2% to $800.52 an ounce, after touching the lowest since Feb. 15 at $791 earlier in the...
Gold edged lower on Wednesday to hover near a two-week low, as a stronger dollar and signs of easing Sino-U.S. friction dented demand for bullion ahead of the minutes from U.S. Federal Reserve™s latest meeting.
Spot gold edged 0.1% lower to $1,273.70 per ounce at 0239 GMT. In the previous session, the metal fell to $1,268.97, its lowest since May 3.
U.S. gold futures were unchanged at $1,273.30 an ounce.
The dollar hovered near a four-week high supported by higher U.S. yields, which rose...
Gold was steady as minutes from the last Federal Reserve meeting damped expectations for lower rates this year, while the ongoing trade war weighed on equities and the dollar continued its ascent. Platinum fell to the lowest since February.
Spot gold +0.1% to $1,274.26/oz at 9:57am in Singapore; heads for second weekly decline. Price dropped to $1,269.58 on Tuesday, the lowest intraday level since May 3. Bloomberg Dollar Spot Index +0.1%.
Other precious metals:...
Shares tumbled in Hong Kong and Shanghai on Thursday as traders fret about growing tensions between China and the US, with tech and energy firms among the worst performers.
The Hang Seng Index dived 1.58 percent, or 438.81 points, to 27,267.13.
The benchmark Shanghai Composite Index sank 1.35 percent, or 39.18 points, to 2,852.52, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 2.43 percent, or 37.48 points, to 1,503.37.
Source : AFP