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according to [nL4N1IA634] * However, expectations of U.S. monetary policy tightening next month dragged on bullion prices. * The dollar slid on Wednesday and the perceived safe-haven yen gained after U.S. President Donald Trump abruptly fired FBI Director James Comey in a move that shocked Washington. [nL1N1IB0QH] * Kansas City Fed President Esther George said the falling jobless rate means that adjusting monetary policy is of "paramount importance". [USD/] [nL1N1IB211] * Also supporting bullion were rekindled fears that North Korea could be gearing up for another weapons test. FUNDAMENTALS * Spot gold was up 0.1 percent at $1,221.82 per ounce at 0105 GMT.
according to "The fall of the volatility index further hollows out the safe-haven bid that has underpinned gold for most of 2017. "With one of the largest political risk events now cleared, some consolidation is warranted, albeit political uncertainty lingers in Italy and is likely to remain for some time," UBS analyst Joni Teves said. Spot gold was steady at $1,226.13 per ounce by 0810 GMT, after touching $1,223.34, its lowest since March 16. Gold, which is priced in dollars, could see demand take a hit from higher rates as it pays no interest. The metal tested its 100-day moving average earlier in the session, but is holding above that line for the time being.
according to
read more visit us gold
according to [nL4N1IA634] * However, expectations of U.S. monetary policy tightening next month dragged on bullion prices. * The dollar slid on Wednesday and the perceived safe-haven yen gained after U.S. President Donald Trump abruptly fired FBI Director James Comey in a move that shocked Washington. [nL1N1IB0QH] * Kansas City Fed President Esther George said the falling jobless rate means that adjusting monetary policy is of "paramount importance". [USD/] [nL1N1IB211] * Also supporting bullion were rekindled fears that North Korea could be gearing up for another weapons test. FUNDAMENTALS * Spot gold
according to "The fall of the volatility index further hollows out the safe-haven bid that has underpinned gold for most of 2017. "With one of the largest political risk events now cleared, some consolidation is warranted, albeit political uncertainty lingers in Italy and is likely to remain for some time," UBS analyst Joni Teves said. Spot gold was steady at $1,226.13 per ounce by 0810 GMT, after touching $1,223.34, its lowest since March 16. Gold, which is priced in dollars, could see demand take a hit from higher rates as it pays no interest. The metal tested its 100-day moving average earlier in the session, but is holding above that line for the time being.
according to
PRECIOUS-Gold falls to 8-week low as safe-haven demand sags
Rising stocks and higher bond yields raise the opportunity cost of holding non-yielding bullion, while a stronger dollar makes gold more expensive for holders of other currencies. Revived appetite for riskier assets also pushed global stocks to record highs, while the U.S. dollar index rallied. Investors were looking ahead to U.S. interest rate rises that would pressure gold as they tend to push up bond yields and strengthen the dollar. Kansas City Fed President Esther George said the falling jobless rate means that adjusting monetary policy is of "paramount importance." Platinum was 1.9 percent lower at $898.98 and palladium was down 1.6 percent at $794.40 an ounce.read more visit us gold
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