“People are moving some capital into gold at this time, given the uncertainties around the pace of rate hikes by the U.S. Federal Reserve, the U.S.-China trade war,” said Brian Lan, managing director at Singapore dealer GoldSilver Central.
Metal Commodities
Gold Inched lower on Tuesday, Pressured by Dollar
Gold inched lower on Tuesday, pressured by a slight uptick in the dollar and held a narrow range in light trade ahead of the U.S. Thanksgiving holiday.
Gold Prices Kiss 1 Week high Amid Brexit Turmoil
Gold Silver Reports (GSR) – Gold prices rose on Friday, having hit a one-week high earlier in the session, as investors sought safe-haven assets amid fears of a chaotic departure for Britain from the European Union.
Gold Prices Up 1 Percent on Dollar Retreat, Short Covering Rally
Gold Silver Reports (GSR) – Spot gold was up 0.90 percent at $1,212.20 per ounce. This was the metal’s biggest one-day gain in nearly two weeks. Prices had slipped to their lowest since Oct. 11 at $1,195.90 in the previous session. U.S. gold futures settled up $8.70, or 0.72 percent, at $1,210.10
Gold Edges Back Above $1200 as Dollar Rally Stalls
Gold Silver Reports (GSR) — That caused spot gold to climb to $1,200.30 per ounce, after the metal fell to its lowest since Oct. 11 at $1,195.90 earlier in the day. U.S. gold futures settled at $1,202.40 per ounce.
Gold Trapped in Tight Range – Gold Silver Reports
Spot gold edged 0.3 percent higher to $1,191.41 per ounce, having fallen to a more than six-week low of $1,180.34 on Sept. 28. U.S. gold futures rose 0.2 percent to $1,194.10.