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Gold rises on increasing U.S. protectionism concerns

Reuters 

By Nithin ThomasPrasad(Reuters) - Gold prices rose on Wednesday to a one-week high on a weaker dollar following U.S. Secretary of State Rex Tillerson's sudden dismissal, which invigorated concerns of protectionist policies hampering global risk appetite.Spot gold rose 0.12 percent to $1,327.56 per ounce at 0402 GMT. It touched $1,329.22 an ounce during the session, its highest since March 7.U.S. gold futures for April delivery rose 0.09 percent to $1,328.20 per ounce.On Tuesday, President Donald Trump fired Tillerson after a series of public rifts over policy on North Korea, Russia and Iran, ...

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First Published: Wed, March 14 2018. 10:09 IST
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