Global gold prices nearly unchanged as dollar holds firm - News Summed Up

Global gold prices nearly unchanged as dollar holds firm


Spot gold was nearly unchanged at $1,263.21 an ounce by 9.36am. Photo: ReutersGold prices were mostly steady on Thursday amid a firm dollar, trading within sight of a two-month low hit earlier this week. Spot gold was nearly unchanged at $1,263.21 an ounce by 9.36am. Gold is highly-sensitive to rising interest rates, as these tend to boost the dollar, in which the metal is priced. “Gold will continue to be under pressure in view of rate hikes, dollar gains and strong US data,” said Argonaut Securities analyst Helen Lau.


Source: Mint December 07, 2017 05:48 UTC


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