You are here: Home » Reuters » News
Business Standard

Gold prices edge higher as dollar sags

Reuters 

(Reuters) - prices inched up on Tuesday as the remained subdued and as investors waited for U.S. consumer price data later in the day to gauge the outlook for and Federal Reserve policy.

FUNDAMENTALS

* Spot had edged up 0.1 percent to $1,324.08 per ounce at 0057 GMT.

* U.S. futures for April delivery climbed 0.3 percent to $1,324.50 per ounce.

* The index against a basket of six major currencies was flat at 89.900 <.DXY> after shedding about 0.2 percent overnight.

* Asian stocks stalled on Tuesday, halting an earlier rally after Wall Street shares lost steam, while the sagged on the back of declining U.S. yields. [MKTS/GLOB]

* The benchmark 10-year note yield stood little changed at 2.873 percent. The yield declined by 2.5 basis points overnight.

* U.S. expectations edged higher last month, with one measure hitting its highest level in a year, according to a survey published Monday that adds to signs of price pressures.

* The had a $215 billion budget shortfall in February as revenues into the government's coffers fell and outlays increased, the Treasury Department said on Monday.

* Japanese wholesale prices rose 2.5 percent in the year to February, data showed on Tuesday.

* Japanese and his close ally, Taro Aso, faced growing pressure on Monday over a suspected cover-up of a cronyism scandal that has dogged the for more than a year.

* Central banks should think hard about potential risks and spillovers before issuing their own cryptocurrency, the said in a report on Monday.

* Turkey raised by 8.75 tonnes to 590.997 tonnes in February 2018 -IMF Data

(Reporting by Eileen Soreng in Bengaluru; Editing by Joseph Radford)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 06:52 IST
RECOMMENDED FOR YOU