Gold Steady as Dollar Dips; Rate Hike Expectations Cap Gains
Thursday, 30 August 2018 08:35 WIB | PRECIOUS METALS |GOLDEMAS Spot EmasEmas berjangka

Gold prices held steady on Thursday, after rising nearly half a percent in the previous session, as the dollar edged down, but views on higher U.S. interest rates limited gains.

Spot gold was mostly unchanged at $1,205.58 an ounce at 0028 GMT. Prices hit their highest since Aug. 10 at $1,214.28 on Tuesday.

U.S. gold futures were also mostly steady at $1,211.82 an ounce on Wednesday.

The dollar index, which measures the greenback against a basket of currencies, was down 0.1 percent at 94.528.

Gross domestic product grew at a 4.2 percent annualized rate, the Commerce Department data showed in its second estimate of GDP growth for the second quarter. That was slightly up from the 4.1 percent pace of expansion reported in July.

Source : Reuters

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