Gold prices edged down on Thursday on a strong dollar after US Federal Reserve chairwoman Janet Yellen advocated lifting US interest rates gradually. Spot gold was down 0.1% to $1,202 per ounce by 9.05am, after dropping to as much as
Gold and Silver Reports
Gold prices on Wednesday held near eight-week highs hit in the previous session on uncertainty over US president-elect Donald Trump’s economic plans, after the dollar slid on his comments that the strong greenback was “killing us” FUNDAMENTALS * Spot gold
Gold prices rose on Monday, buoyed by safe-haven demand due to uncertainty over US policy ahead of President-elect Donald Trump’s inauguration and amid concerns over Britain’s exit from the European Union. Spot gold had risen 0.5% to $1,203.10 per ounce
Gold fell on Friday after hitting a seven-week high in the previous session as the dollar edged up and a technical correction set in, but the yellow metal was still on track to end higher for a third straight week.
Gold rose to a 7-week high on Thursday on a weaker dollar after US President-elect Donald Trump provided little clarity on future fiscal policies at a press briefing. Spot gold was up 0.4 per cent at $1,196.06 per ounce, after
Gold on Wednesday held near six-week highs hit the session before, with economic and political uncertainty boosting its safe-haven appeal. Markets were waiting for indications on policy from US President-elect Donald Trump’s first news conference since the US elections, due