Gold gains as investors weigh inversion of the Treasury yield curve, seen as a warning of recession, and Donald Trump's choice of Stephen Moore as a Federal Reserve governor.
President Trump said Friday he's nominating the former campaign adviser for the post at the U.S. central bank. Moore has called December's hike a "substantial mistake," and cheered effects of tax cuts. In a Bloomberg TV interview, Moore said that he's worried more about deflation than inflation.
Spot gold as much as +0.3% at $1,317.27/oz and trades at $1,316.93 at 7:14 am in London, set for highest close since Feb. 27 following run of three weekly gains.
Other precious metals : Spot silver +0.5% at $15.4930/oz Platinum +0.5%, palladium +0.1%
Source : Bloomberg
Gold futures finished higher Thursday, recouping much of the losses suffered a day earlier, as traders awaited monthly domestic employment data due at the end of the week, which may influence haven demand for the precious metal. Gold for February delivery on Comex added $2.90, or 0.2%, to settle at...
Gold futures lost ground Thursday, turning slightly lower after a fall in weekly U.S. jobless claims underpinned support for stocks and other risky assets, dulling the yellow metal's haven appeal. Gold for February delivery on Comex was off 70 cents, or less than 0.1%, at $, 479.50 an ounce, while ...
Gold prices inched up on Thursday as conflicting signals from Washington and Beijing prolonged uncertainty about a trade deal, a day after positive comments on the talks by U.S. President Donald Trump knocked bullion off its one-month high. Gold rose to $1,484 on Wednesday, its highest since Nov. 7...
Gold was little changed after see-sawing this week as investors assessed the latest optimism surrounding progress on a trade deal between the U.S. and China, and a lower-than-expected U.S. jobs report. The two countries are moving closer to a phase-one pact despite tensions over Hong...
Gold shrugged off earlier gains to fall on Wednesday, as a report suggesting progress on the U.S.-China trade negotiations rekindled risk appetite, while palladium notched up a fresh peak. Spot gold slipped 0.3% to $1,472.26 per ounce. Prices had hit $1,484 earlier in the session, their highest lev...