You are here: Home » Reuters » News
Business Standard

Gold prices rise on subdued dollar; Fed stance limits gains

Reuters 

By Karthika Suresh Namboothiri(Reuters) - Gold inched up on Friday as optimism over U.S.-China trade talks pressured the dollar, but signs that the U.S. Federal Reserve could raise interest rates again this year kept prices below a 10-month high hit earlier this week.Spot gold rose 0.3 percent to $1,326.56 per ounce as of 0814 GMT. The metal was headed for a second straight weekly rise, up almost 0.4 percent this week.U.S. gold futures were up 0.1 percent at $1,329.1 per ounce."The dollar's trajectory and soundings from the Fed will obviously play on gold prices, but the metal's focus is now ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, February 22 2019. 16:51 IST
RECOMMENDED FOR YOU