Gold prices slipped on Thursday as global stocks traded higher on better-than-expected quarterly results in the final policy update from ECB President Mario Draghi.
December gold on Comex slipped $2.30, or 0.2%, at $1,493.40 an ounce, after posting a 0.6% gain.
Silver for December deliver meanwhile, shed 2 cents, or 0.1%, to reach $17.5 an ounce, following a gain of 0.5% on Wednesday.
In the final meeting with Draghi at the helm, the European Central Bank left its main deposit facility rate at negative 0.5% and its main lending rate at 0%. The rate-setting Governing Council repeated that it expects to keep rates at œpresent or lower levels until inflation, which has remained stubbornly low, œrobustly converges with its target of near but just below 2%. It also reiterated that it will begin a controversial bond-buying program at a pace of 20 billion euros a month beginning in November.
In other metals trade, January platinum gained $2.90, or 0.3%, at $925.30 an ounce, adding to its 3% gain on Wednesday, while December palladium jumped 1.1% to $1,732.30 an ounce, following its own gain a day ago.
Source : MarketWacth
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...