Gold rose on Thursday, trading close to a three-week peak hit in the previous session after the U.S. Federal Reserve phased out a possibility of an interest rate hike this year, while palladium scaled a record peak on supply issues.
Spot gold gained 0.3 percent at $1,315.81 per ounce as of 01:14 GMT, after touching its highest since Feb. 28 at $1,316.58 in the previous session.U.S. gold futures rose 1.1 percent to $1,316.10 an ounce.
Spot palladium gained 0.4 percent to $1,609.70 an ounce, after register a record high at $1,615.5 earlier in the session.
Source : Reuters
Gold prices climbed Friday, buoyed by weakness in the dollar and a fall in bond yields, as traders struggled to sort out news that China has agreed to the text of a phase one trade deal with United States. Against that backdrop, February gold rose $3.70, or 0.3%, at $1,476 an ounce, set to more tha...
Gold prices were steady on Friday as a weaker dollar helped offset pressures from an increased appetite for riskier assets following reports of a breakthrough in China-U.S. trade negotiations, while palladium scaled a fresh peak. Spot gold fell 0.1% to $1,467.20 per ounce by 0452 GMT, but was up ab...
Gold held its own on Friday as investors weighed bullion™s merits heading into 2020 after the U.S. and China managed a breakthrough in their bitter and drawn out trade dispute, with the commodity™s initial losses driven by weaker haven demand offset by a slump in the dollar. Bullion fluctu...
Gold prices are modestly down on Friday in Asia after reports said an agreement in principle had been reached on a phase one trade deal between the U.S. and China. U.S. Gold Futures slipped 0.1% to $1,471.85 by 12:45 PM ET (04:45 GMT). The written text of the phase one agreement is still being fin...
Gold headed for a back-to-back decline as President Donald Trump signed off on a so-called phase-one trade deal with China and an exit poll indicated a comfortable majority for the governing Conservative Party in the U.K.'s national election. Bullion for immediate delivery fell as much as 0.5% in e...