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as declared in Gold prices were little moved after a morning report showed growth in the U.S. economy in the final quarter was left at 1.9%. Based on the most-active contracts, prices saw a 5.3% monthly gain. The VanEck Vectors Gold Miners ETF GDX, +0.04% rose 0.2%, paring its monthly loss down to 4.4%. "With investors maintaining a cautious approach ahead of Trump's speech to Congress this evening, bulls may take advantage of the anxiety to elevate gold prices higher back above $1,260," said Otunuga, in a note. Moreover, the Federal Reserve's lack of commitment to lift benchmark interest rates also helped to support higher prices in the precious metals of late.
as informed in Gold Rate: To keep up to date with gold prices, go to our gold rate page. Spot gold also traded at $1,253.93 per ounce by 0734 GMT, down from Monday's 3.5-month high of $1,263.8, according to Reuters. Hansen, however, pointed out that Trump's speech is not the only factor that could impact commodity prices. Dubai: Gold jewellery prices in Dubai have eased slightly as the bullion hit a setback following renewed speculation that the Federal Reserve in the United States would raise borrowing rates soon. As of 2.38pm Tuesday, 24-karat gold was retailing at Dh151.75, down by .32 per cent from early trade on Sunday.
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as declared in Gold prices were little moved after a morning report showed growth in the U.S. economy in the final quarter was left at 1.9%. Based on the most-active contracts, prices saw a 5.3% monthly gain. The VanEck Vectors Gold Miners ETF GDX, +0.04% rose 0.2%, paring its monthly loss down to 4.4%. "With investors maintaining a cautious approach ahead of Trump's speech to Congress this evening, bulls may take advantage of the anxiety to elevate gold prices higher back above $1,260," said Otunuga, in a note. Moreover, the Federal Reserve's lack of commitment to lift benchmark interest rates also helped to support higher prices in the precious metals of late.
as informed in Gold Rate: To keep up to date with gold prices, go to our gold rate page. Spot gold also traded at $1,253.93 per ounce by 0734 GMT, down from Monday's 3.5-month high of $1,263.8, according to Reuters. Hansen, however, pointed out that Trump's speech is not the only factor that could impact commodity prices. Dubai: Gold jewellery prices in Dubai have eased slightly as the bullion hit a setback following renewed speculation that the Federal Reserve in the United States would raise borrowing rates soon. As of 2.38pm Tuesday, 24-karat gold was retailing at Dh151.75, down by .32 per cent from early trade on Sunday.
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Gold prices eke out 3rd gain in a row
This ambiguity is driving the price of gold higher and we think that the path of least resistance is skewed towards the upside," said Naeem Aslam, chief market analyst at Think Markets. Prices for the shiny yellow commodity logged their highest finish in more than 3½ months Monday after notching a fourth-straight weekly gain. "The difference in their views will drive the dollar, which will bring higher volatility for the gold price."Fed Beige Book data will be released Wednesday. These "opposite paths can result in more gains for the U.S. dollar."But on Monday, the ICE Dollar Index DXY, +0.31% was little-changed as gold futures settled. The dollar softened Friday amid indications that Trump's tax and other pro-business policy plans would be implemented at a slower-than-expected pace.read more visit us gold
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