Gold Prices Up Amid Weaker Dollar, Equities Sell-off

Spot gold rose 0.9 percent to $1,254.06 per ounce at 8:02 a.m. ET, after declining the most since Nov. 27 in the previous session.

Prices crossed the 200-day moving average around $1,252 an ounce before the Fed’s statement on Wednesday.

Read More : Gold Prices Jump Today But Silver Rates Drop

U.S. gold futures rose 0.1 percent to $1,257.50 per ounce on Thursday.

“There is some safe-haven buying supporting gold prices today,” said Renisha Chainani, head of commodity and currency research at Monarch Networth Capital.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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