Global gold prices inch up as dollar hits three-year lows - News Summed Up

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Global gold prices inch up as dollar hits three-year lows


Spot gold was down 0.3% at $1,334.86 an ounce by 1.12pm, after rising to $1,343.91 earlier in the session. Spot gold was down 0.3% at $1,334.86 an ounce by 1.12pm, after rising to $1,343.91 earlier in the session. “Most of the move in gold has been dollar denominated ... We have seen very little change in ETF holdings. Asian stocks stepped back from a record high on Wednesday as the region’s resource shares were hit by falling oil and commodity prices while digital currencies tumbled on worries about tighter regulations. The metal, which hit a record high of $1,138 an ounce on Monday, fell nearly 3% on Tuesday.


Source: Mint January 17, 2018 10:52 UTC



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