Gold inches up as dollar slides, but risk premium fades - News Summed Up

Gold inches up as dollar slides, but risk premium fades


Spot gold was at $1,346.91 an ounce at 1335 GMT, up 0.1%, while US gold futures were 0.2% higher at $1,350.10 an ounce. London:Gold edged higher on Monday as the dollar fell, but gains were muted as financial markets bet that air strikes on Syria would not escalate into a wider conflict. Spot gold was at $1,346.91 an ounce at 1335 GMT, up 0.1%, while US gold futures were 0.2% higher at $1,350.10 an ounce. Forces from the United States, Britain and France targeted Syria with air strikes on Saturday, hitting what they said were three of its main chemical weapons facilities. “Some of the risk (premium) has come down following the air strikes,” Capital Economics analyst Simona Gambarini said.


Source: Mint April 16, 2018 14:48 UTC


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