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...
Gold prices recovered to over $1,500 an ounce on Tuesday, following the previous session's steep fall, as focus turned to U.S. Federal Reserve policy statements and growth concerns.
Spot gold was up 0.4% to $1,501.50 per ounce by 09:27 GMT, after falling to a near one-week low of $1,492.10 on Monday. U.S. gold futures gained 0.1% to $1,513.40.
Equity markets around the world gained as hopes for stimulus in major economies tempered fears of a global recession.
The shift in sentiment for...
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
Oil was steady in Asian trading after a private-sector report indicated that U.S. crude supplies had tightened in the past week.
Futures in New York rose 3 cents, after clawing back losses in a volatile session on Tuesday. The market had stumbled after U.S. Secretary of State Mike Pompeo told CNBC that Huawei Technologies Co. and other Chinese companies pose national security threats to the U.S. A recovery came as focus switched to analyst forecasts that...