Gold hits 14-week high, will it go up again? "There is apparently a move of institutional investor money into gold and there are usually very good reasons for that." Holdings of the largest gold-backed exchange-traded fund, New York's SPDR Gold Trust , have risen more than 5 percent this month on geopolitical risk. EST (1926 GMT), having touched its highest since Nov. 11 at $1,260.10 earlier, zeroing in on the 200-day moving fourth straight week. Silver rose 0.8 percent to $18.30 per ounce, having touched its highest in 3-1/2-months at $18.40.
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Globally, gold rose 0.61% to $1,256.90 an ounce, a level last seen in November last year. Globally, gold rose 0.61% to $1,256.90 an ounce, a level last seen in November last year, and silver rose 0.99% to $18.33 an ounce in New York in yesterday's trade. Following rally in gold, silver ready also registered a sharp rise of Rs600 to Rs43,800 per kg and weekly-based delivery recaptured the Rs43,000-mark by rising Rs760 to Rs43,350 per kg. In the national capital, gold of 99.9 and 99.5% purity rose by Rs325 each to Rs30,175 and Rs30,025 per 10 grams respectively, a level last seen on 18 October 2016. Bullion traders said sentiment got a boost after gold climbed in global markets as weakness in the dollar pushed up demand for precious metals as safe-haven.
London— Gold hit its highest in three-and-a-half months on Friday as the dollar hit a one-week low after the new US finance chief poured cold water on the "Trumpflation trade" that has boosted the greenback this year. Silver rose 0.53% to $18.26 an ounce, having touched its highest level in three-and-a-half months at $18.40. Platinum rose 1.24% to $1,018.50 an ounce, having earlier hit its highest since early October at $1,028.60, while palladium gained 0.97% to $781.25. "There is apparently a move of institutional investor money into gold and there are usually very good reasons for that." Spot gold had risen 0.29% to $1,253.53 an ounce by 2.45pm GMT, having touched its highest since November 11 at $1,260.10 earlier, zeroing in on the 200-day moving average.
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collected by :Jack Luxor
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Gold hits 4-month high, climbs Rs325 on firm global cues
Globally, gold rose 0.61% to $1,256.90 an ounce, a level last seen in November last year. Globally, gold rose 0.61% to $1,256.90 an ounce, a level last seen in November last year, and silver rose 0.99% to $18.33 an ounce in New York in yesterday's trade. Following rally in gold, silver ready also registered a sharp rise of Rs600 to Rs43,800 per kg and weekly-based delivery recaptured the Rs43,000-mark by rising Rs760 to Rs43,350 per kg. In the national capital, gold of 99.9 and 99.5% purity rose by Rs325 each to Rs30,175 and Rs30,025 per 10 grams respectively, a level last seen on 18 October 2016. Bullion traders said sentiment got a boost after gold climbed in global markets as weakness in the dollar pushed up demand for precious metals as safe-haven.
Gold hits a three-and-a-half-month high as 'Trumpflation trade' fades
London— Gold hit its highest in three-and-a-half months on Friday as the dollar hit a one-week low after the new US finance chief poured cold water on the "Trumpflation trade" that has boosted the greenback this year. Silver rose 0.53% to $18.26 an ounce, having touched its highest level in three-and-a-half months at $18.40. Platinum rose 1.24% to $1,018.50 an ounce, having earlier hit its highest since early October at $1,028.60, while palladium gained 0.97% to $781.25. "There is apparently a move of institutional investor money into gold and there are usually very good reasons for that." Spot gold had risen 0.29% to $1,253.53 an ounce by 2.45pm GMT, having touched its highest since November 11 at $1,260.10 earlier, zeroing in on the 200-day moving average.
read more visit us gold
collected by :Jack Luxor
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