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2017-03-27 : Gold Hits One Month High As Investors Retreat from Global Reflation Trade

collected by :Irax John

“With stocks, the dollar and bond yields lower and geo-political risks on the rise, gold may stand out as the commodity of choice at such time.”
U.S. gold futures for April delivery were up $9.30 an ounce at $1,257.80.
Spot gold was up 1.1 percent at $1,257.72 an ounce at 1135 GMT, having touched a one-month high of $1,259.14 earlier in the session.
China’s net gold imports via main conduit Hong Kong rose 50.8 percent month-on-month in February to 47.931 tonnes, data showed.
The world’s largest gold-backed exchange-traded fund, New York-listed SPDR Gold Shares , reported an outflow of 1.8 tonnes on Friday.

Metals: Gold Hits One-Month High

As it stated in Gold prices rose to a one-month high on Monday, as a weaker dollar and doubts about the Trump agenda pushed up the precious metal.
Copper prices, meanwhile, fell to a two-week low, down 2.4% at $2.5680 a pound, as political anxieties pushed down the commodities…
Gold for April delivery gained 0.8% to $1,258.70 a troy ounce on the Comex division of the New York Mercantile Exchange, trading at the highest level since Feb. 27.

Metals: Gold Hits One-Month High

Gold Hits One Month High As Investors Retreat from Global Reflation Trade

As it stated in

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