"Nasdaq Stock Market" said : PRECIOUS-Gold off 3-month highs; political uncertainty provides support
Holdings rose for a sixth straight session. [nL1N1FT1ZD] * President Trump is planning to issue a directive targeting a controversial Dodd-Frank rule that requires companies to disclose whether their products contain "conflict minerals" from a war-torn part of Africa, sources familiar with the administration's thinking. Shutterstock photoFeb 9 (Reuters) - Gold slipped from 3-month highs on Thursday on profit taking, but political risks from elections in Europe and worries over U.S. President Donald Trump's policies supported safe haven demand for bullion. * Controversy over U.S. President Donald Trump's temporary travel ban on people from seven Muslim-majority countries has recently boosted gold as a safe-haven asset. FUNDAMENTALS * Spot gold dipped 0.2 percent to $1,238.90 per ounce at 0054 GMT.
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Holdings rose for a sixth straight session. Feb 9 Gold slipped from 3-month highs on Thursday on profit taking, but political risks from elections in Europe and worries over U.S. President Donald Trump's policies supported safe haven demand for bullion. * Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.68 percent to 832.58 tonnes on Wednesday from Tuesday. FUNDAMENTALS * Spot gold dipped 0.2 percent to $1,238.90 per ounce at 0054 GMT. * Controversy over U.S. President Donald Trump's temporary travel ban on people from seven Muslim-majority countries has recently boosted gold as a safe-haven asset.
"There's underlying demand for gold as a hedge against political uncertainties on both sides of the Atlantic," said Ole Hanson, head of commodity strategy at Saxo Bank. "Platinum should be lent buoyancy primarily by the rise in the gold price that we are forecasting," it saidPalladium rose 1.1 percent to $768.70. (Additional reporting by Nallur Sethuraman; Editing by Keith Weir and Diane Craft) ((Marcy.Nicholson@thomsonreuters.com, +1 646 223 6043; Reuters Messaging Marcy.Nicholson.ThomsonReuters.com@reuters.net)) "Gold prices will continue to rise until mid-February on uncertainties in the U.S. and Europe. gold futures settled up 0.3 percent at $1,239.50.Indicating heightened worries over the French elections, the gap between French 10-year government bond yields and their low-risk German equivalents was at its widest since November 2012.
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PRECIOUS-Gold off 3-month highs; political uncertainty provides support
Holdings rose for a sixth straight session. Feb 9 Gold slipped from 3-month highs on Thursday on profit taking, but political risks from elections in Europe and worries over U.S. President Donald Trump's policies supported safe haven demand for bullion. * Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.68 percent to 832.58 tonnes on Wednesday from Tuesday. FUNDAMENTALS * Spot gold dipped 0.2 percent to $1,238.90 per ounce at 0054 GMT. * Controversy over U.S. President Donald Trump's temporary travel ban on people from seven Muslim-majority countries has recently boosted gold as a safe-haven asset.
"There's underlying demand for gold as a hedge against political uncertainties on both sides of the Atlantic," said Ole Hanson, head of commodity strategy at Saxo Bank. "Platinum should be lent buoyancy primarily by the rise in the gold price that we are forecasting," it saidPalladium rose 1.1 percent to $768.70. (Additional reporting by Nallur Sethuraman; Editing by Keith Weir and Diane Craft) ((Marcy.Nicholson@thomsonreuters.com, +1 646 223 6043; Reuters Messaging Marcy.Nicholson.ThomsonReuters.com@reuters.net)) "Gold prices will continue to rise until mid-February on uncertainties in the U.S. and Europe. gold futures settled up 0.3 percent at $1,239.50.Indicating heightened worries over the French elections, the gap between French 10-year government bond yields and their low-risk German equivalents was at its widest since November 2012.
read more visit us gold
collected by :Jack Luxor
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