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Gold hits six-week high on Trump, Brexit concerns

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Gold hits six-week high on Trump, Brexit concerns

Gold hits six-week high on Trump, Brexit concerns*/

– Gold bangles are on display as a woman makes choices at a jewellery showroom during Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, in Kolkata, October 28, 2016.REUTERS/Rupak De Chowdhuri/FilesNEW YORK/LONDON Gold rose to a six-week peak on Tuesday, supported by earlier weakness in the dollar ahead of a news conference on Wednesday by U.S. President-elect Donald Trump.The market is looking for more clues on Trump’s spending plans in the first speech since his shock election win in November.
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Gold prices hit six-week high on Donald Trump, Brexit concerns

Gold prices hit six-week high on Donald Trump, Brexit concerns*/

– rose to a six-week peak on Tuesday, supported by earlier weakness in the dollar ahead of a news conference on Wednesday by U.S. President-elect Donald Trump.The market is looking for more clues on Trump’s spending plans in the first speech since his shock election win in November.The pound steadied and stocks rose worldwide after earlier weakness in the sterling and European equity markets on fears of a “hard” Brexit after British Prime Minister Theresa May said over the weekend she was not interested in Britain keeping “bits” of its EU membership.
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Gold holds near six-week peak on safe-haven demand

Gold holds near six-week peak on safe-haven demand*/

– BENGALURU: Gold on Wednesday held near a six-week high hit in the previous session, with economic and political uncertainty boosting its safe-haven appeal.Markets were waiting for indications on policy from US President-elect Donald Trump’s first news conference since the US elections, due later in the day.”The markets are myopic.
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