Gold Drops Second Day Ahead of Key U.S. Inflation Data
Thursday, 14 September 2017 09:48 WIB |
PRECIOUS METALS |GOLDEMAS
Gold declines a second day on rising dollar, record U.S. equities, with investors focused on U.S. August inflation data due later in the day and any clues for path of Fed tightening.
Bullion for immediate delivery -0.2% to $1,320.70/oz at 9:27am in Singapore: Bloomberg generic pricing.
Gold -0.7% on Wednesday with the Bloomberg Dollar Spot Index+0.4%, lifted by slight increase in expectations of further U.S. tightening and President Trump™s push for bipartisan support on tax reform.
Metal touched $1,357.61 on Sept. 8, highest intraday level since Aug. 2016.
Other precious metals: Spot silver -0.3% to $17.7188/oz. Platinum -0.2% to $979.35/oz. Palladium +0.2% to $940.72/oz.