collected by :kiven Dixter
Gold prices edged up in early trade on Monday as the $ took a breather after climbing to its top standard this year in the Former session. Spot gold rose 0.2 per cent to $1,316.62 per ounce at 0034 GMT. US gold futures for June delivery were up 0.2 per cent at $1,317.20 per ounce. SPDR Gold TrustSPDR Gold Trust , the world's largest gold-backed exchange-traded fund, told its holdings fell 0.17 per cent to 864.13 tonnes on Friday from 865.60 tonnes on Thursday. Demand for physical gold barely changed in great Asian hubs final 7 days even as universal prices weakened, When a rectification in native averages in India prompted retail consumers & jewellers to begain purchases.
Gold prices edged up in early trade on Monday as the $ took a breather after climbing to its top standard this year in the Former session. Spot gold rose 0.2 per cent to $1,316.62 per ounce at 0034 GMT. US gold futures for June delivery were up 0.2 per cent at $1,317.20 per ounce. SPDR Gold TrustSPDR Gold Trust , the world's largest gold-backed exchange-traded fund, told its holdings fell 0.17 per cent to 864.13 tonnes on Friday from 865.60 tonnes on Thursday. Demand for physical gold barely changed in great Asian hubs final 7 days even as universal prices weakened, When a rectification in native averages in India prompted retail consumers & jewellers to begain purchases.
Gold prices regain some ground, however technician warns they have more to fall
Gold prices have seen a steady decline ever a 2011 peak as the bull market stretched on & riskier asset classes found favor over secure havens. "Gold truly suffers the time yield averages begain to rise, because gold offers no tote whatsoever," told Schlossberg. "If we have some sort of geopolitical danger ... gold Information Systems always will be sort of a harbor of security & can have a sharp spike higher." Geopolitical danger with Iran can give the gold market a jolt, he said. Gold prices rose with 0.8 % to $1,315.70 an ounce on Thursday morning.
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