Home / dollar / 2017-03-29 : Gold buoyant as Trump standoff and Brexit begin

2017-03-29 : Gold buoyant as Trump standoff and Brexit begin

collected by :Irax John

[GOL/ETF]In other precious metals, palladium prices slipped 0.7 percent to $787.50 an ounce, after touching a two-year peak of $815.40 on Friday.
U.S. gold futures slipped 0.3 percent to $1,251.90.
Spot gold was up 0.1 percent at $1,252.11 per ounce at 1505 GMT.
REUTERS/Ilya Naymushin/File PhotoBy Eric OnstadLONDON (Reuters) – Gold edged up on Wednesday, as uncertainty about Brexit talks, French elections and U.S. President Donald Trump’s economic policies boosted safe-haven buying and offset a firmer dollar.
An employee takes granules of 99.99 percent pure gold before packing them at the Krastsvetmet non-ferrous metals plant in Krasnoyarsk, Russia, October 24, 2016.

Gold ticks higher as Brexit triggered

as mentioned in In other precious metals, palladium prices slipped 0.7% to $787.50 an ounce, after touching a two-year peak of $815.40 on Friday.
London — Gold edged up on Wednesday, as uncertainty about Brexit talks, French elections and US President Donald Trump’s economic policies boosted safe-haven buying and offset a firmer dollar.
US gold futures slipped 0.3% to $1,251.90.
Spot gold was up 0.1% at $1,252.11 per ounce at 3.05pm GMT.
Strength in the US currency makes dollar-denominated gold more expensive for holders of other currencies, potentially decreasing demand.

Gold ticks higher as Brexit triggered

as mentioned in Gold buoyant as Trump standoff and Brexit beginThe gold price has remained buoyant as investors look to a possible political tussle between the Trump administration and Congress over fiscal reform.
Julian Phillips of Gold Forecaster, commented on the developments of the Trump administration.
Creeping inflation will also put pressure on the Bank of England to cease cutting interest rates, and could even make them hawkish.
However, given the gold price rise after the Fed rate hike, gold may not be as closely tied to interest rates as conventional wisdom suggests.
By 10:00am GMT gold for April delivery on Comex was at $1,252.10.

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