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Gold gains as risk aversion weighs on dollar

Reuters 

By Karthika Suresh NamboothiriBENGALURU - Gold edged higher on Thursday as growing risk aversion weighed on the dollar, while palladium held ground at a premium to the bullion.Spot gold was up 0.2 percent at $1,239.86 per ounce, as of 0429 GMT, while U.S. gold futures were 0.2 percent higher at $1,244.9 per ounce."Markets are trying to consolidate, trying to push up higher for now," said Benjamin Lu, a commodities analyst with Phillip Futures.A balance between a host of factors such as a rate hike by the U.S. Federal Reserve in December, uncertainty about trade tensions between Washington and ...

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First Published: Thu, December 06 2018. 11:02 IST
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