PRECIOUS-Fears of trade war push gold prices higher

collected by :kiven Dixter

It touched $1,302.61, the lowest ever Jan. 2, on Thursday, pushed drop with expectations which the unite states Fed spare going to increase interest averages further aggressively than formerly thought. Higher interest averages are negative for gold because they increase bond yields, reducing the attractiveness of non-yielding gold, & tend to boost the dollar. But the menace of a trade war had overpowered fears of interest average increases, Hansen said. "If a trade war becomes a fact it can push inflation up & development drop & which ought easiness the aggressiveness of the Fed. In other precious metals, silver was drop 0.1 % at $16.46 an ounce after touching a two-month low on Thursday.

PRECIOUS-Trade war talk pushes gold prices higher as $ eases

Spot gold rose 0.5 % at $1,322.54 per ounce with 1:43 p.m. EST (1843 GMT). Gold, however, was continue drop 0.5 % on the week, putting the yellow metal on track for a 2nd consecutive every week loss. Higher interest averages are gold-negative ever they increase bond yields & tend to boost the dollar, reducing the attractiveness of non-yielding bullion. But the menace of a universal trade war overpowered any fears of average hikes, told Saxo Bank analyst Ole Hansen. "If a trade war becomes a reality, it can push inflation up & development drop & which ought easiness the aggressiveness of the Fed.

Trade war talk pushes gold prices higher

as informed in ReutersTrade war talk pushes gold prices higher as $ easesBy Renita D. Young & Peter HobsonNEW YORK/LONDON, March two (Reuters) - Gold prices rose on Friday as the menace of a universal trade war pushed equities & the unite states $ reduce & spurred request for assets like bullion which are broadly seen as safe-haven investments. Spot gold rose 0.5 % at $1,322.54 per ounce with 1:43 p.m. EST (1843 GMT). Gold, however, was continue drop 0.5 % on the week, putting the yellow metal on track for a 2nd consecutive every week loss. But the menace of a universal trade war overpowered any fears of average hikes, told Saxo Bank analyst Ole Hansen. "If a trade war becomes a reality, it can push inflation up & development drop & which ought easiness the aggressiveness of the Fed.