You are here: Home » Reuters » News
Business Standard

Gold prices rise as rally in shares loses steam

Reuters 

By Sethuraman N R(Reuters) - Gold prices edged up on Thursday, after touching their highest since September in the previous session, buoyed as a rally in equities appeared to falter.Spot gold was up 0.1 percent at $1,317.93 an ounce by 0655 GMT. On Wednesday, it marked its lowest since Sept. 15 at $1,326.56 an ounce.U.S. gold futures were down 0.1 percent at $1,319.10 an ounce."Rising oil prices and strong global growth suggest gold will remain supported as investors look for inflation protection," said Stephen Innes, APAC head of trading at Oanda."Also, a highly-anticipated stock market ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, January 11 2018. 13:13 IST
RECOMMENDED FOR YOU