Home / dollar / 2017-03-27 : PRECIOUS-Gold hits 1-mth peak as Trump healthcare failure hurts dollar

2017-03-27 : PRECIOUS-Gold hits 1-mth peak as Trump healthcare failure hurts dollar

collected by :Irax John

U.S. gold futures for April delivery were up $10.70 at $1,259.20.
[MKTS/GLOB]Spot gold was up 1.2 percent at $1,259.11 an ounce by 1350 GMT, having touched a one-month high of $1,261.03.
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.
By Jan HarveyLONDON (Reuters) – Gold rallied more than 1 percent on Monday after U.S. President Donald Trump’s failure to push through a healthcare reform package on Friday raised questions over his ability to deliver promised tax cuts and spending plans.

Stocks, dollar slip as Trump trade deflates

as mentioned in The dollar index .DXY had risen to a 14-year high near 104.00 in early January when expectations for inflation-boosting stimulus under the Trump presidency were at their peak.
The U.S. dollar fell to its lowest since November against a basket of currencies as investors lost confidence in prospects for a U.S. fiscal spending boost under the Trump administration.
U.S. long-dated Treasury yields fell to one-month lows on Monday, knocked by growing uncertainty about whether the Trump administration could deliver on its campaign promise to bolster the economy.
“While we don’t expect a full-blown correction to commence at this time, we do see rising negative sentiment replacing the ‘Hope Trade.'”
MSCI’s all-country world equity index .MIWD00000PUS was down 0.16 as the fall in risk appetite dominated Asian and European stock markets.

Stocks, dollar slip as Trump trade deflates

as mentioned in The dollar slid to a near two-month low against a basket of currencies on Monday, dropping to its worst since Feb. 2.
Spot gold rose 1 percent to $1,256.20 per ounce by 0401 GMT, after hitting $1,257.97, its highest since Feb. 28.
[nL2N1H11OX] Spot silver rose 0.6 percent to $17.85 an ounce, after hitting a near 3-week high of $17.88.
Bullion has rallied nearly $60 since March 15 lows following a less hawkish policy statement from the U.S. Federal Reserve.
It touched an over 2-week peak of $815.40, its best since March 10, 2015.

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