Gold futures pulled back on Thursday from the nearly two-week high they settled at a day earlier, as the psychologically important $1,300 line remained elusive for another session.
Gold for February delivery edged down by $1.50, or 0.1%, to settle at $1,292.30 an ounce. It settled Wednesday at an almost two-week high of $1,293.80, on the back of political turmoil in the U.K. and U.S.
March silver also fell 10.2 cents, or 0.7%, to $15.536 an ounce on Thursday.
Source : Marketwatch
Gold futures prices slipped from two-week highs on Thursday, as the psychologically important $1,300 line remained elusive for another session. Moderate stock strength kept the precious metal in check, although a weaker dollar propped up gold.
Gold settled Wednesday at its highest in nearly two weeks, at $1,293.80, on the back of political turmoil in the U.K. and U.S.
Early Thursday, gold for February delivery was off 10 cents, or less than 0.1%, at $1,293.70 an ounce, while March silver...
Gold held a decline amid optimism for progress in U.S.-China trade talks that boosted equities in Asia Friday and Treasury yields overnight. Palladium traded above $1,400 an ounce.
Still, overall sentiment is positive for the precious metal. Gold traders and analysts in a weekly Bloomberg survey remained bullish for a 10th week. Peter Grosskopf, chief executive officer of Sprott Inc., said a shift in Federal Reserve policy will stoke investor interest, with the...
Gold retreated from the highest close in almost two weeks as the dollar strengthened and investors weighed renewed Brexit turmoil with the latest developments in the partial shutdown of the U.S. government.
Spot gold edged 0.1 percent down to $1,292.72/oz at 8:08am in London; gained 0.3% on Wednesday to the highest close since Jan. 3.
Bloomberg Dollar Spot Index strengthened 0.1 percent after added 0.1% on Wednesday and rose 0.3 percent on Tuesday.
Gold held a decline amid optimism for progress in U.S.-China trade talks that boosted U.S. equities and Treasury yields overnight. Palladium traded above $1,400 an ounce.
Trump administration officials are considering measures to roll back tariffs on Chinese products in order to calm financial markets, the Wall Street Journal reported. While the Treasury denied that reporting, the story reinforced previous signs the administration is more eager for a deal to help support...