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Gold rises as Trump's decision to impose heavy duties on imports of steel and aluminum
2018/03/02 12:00
(Encyclopedia of this Day News | Iraq News ) - Economy
Since 2018-03-02 at 11:37 (Baghdad time)
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LONDON (Reuters) - Gold prices rose slightly on Friday as the dollar slipped on fears of an imminent trade war after US President Donald Trump's decision to impose heavy import duties on steel and aluminum.
Spot gold rose 0.1 percent to $ 1316.84 an ounce by 4:12 GMT, but is heading for its second consecutive weekly decline after falling 0.9 percent so far.
Prices fell to their lowest level since January 2 at $ 1302.61 an ounce in the previous session under pressure from expectations of further US interest rate increases than expected this year.
Gold in US futures futures rose about 1 percent to $ 1317.7 an ounce on Friday.
Among other precious metals, "silver" fell 0.3 percent to $ 16.41 an ounce after hitting its lowest level in more than two months at $ 16.16 an ounce in the previous session.
Platinum fell 0.1 percent to $ 965.40 an ounce after falling to its lowest level since Jan. 4 at $ 950.50 an ounce on Thursday.
Palladium rose 0.2 percent to $ 991 an ounce after recording the largest one-day decline since January 25, 2017, which was 5.1 percent.
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Since 2018-03-02 at 11:37 (Baghdad time)
Follow - Mawazine News
LONDON (Reuters) - Gold prices rose slightly on Friday as the dollar slipped on fears of an imminent trade war after US President Donald Trump's decision to impose heavy import duties on steel and aluminum.
Spot gold rose 0.1 percent to $ 1316.84 an ounce by 4:12 GMT, but is heading for its second consecutive weekly decline after falling 0.9 percent so far.
Prices fell to their lowest level since January 2 at $ 1302.61 an ounce in the previous session under pressure from expectations of further US interest rate increases than expected this year.
Gold in US futures futures rose about 1 percent to $ 1317.7 an ounce on Friday.
Among other precious metals, "silver" fell 0.3 percent to $ 16.41 an ounce after hitting its lowest level in more than two months at $ 16.16 an ounce in the previous session.
Platinum fell 0.1 percent to $ 965.40 an ounce after falling to its lowest level since Jan. 4 at $ 950.50 an ounce on Thursday.
Palladium rose 0.2 percent to $ 991 an ounce after recording the largest one-day decline since January 25, 2017, which was 5.1 percent.
The opinions expressed below do not reflect the opinion of Mawazine News, but reflect the views of their respective owners only.
Note: The content entitled (gold is raised by the decision of "Trump" to impose a large fee on imports of steel and aluminum) was published first on the site (Mawazine News) and does not bear the Encyclopedia of this news day content in any way.
You can see the details of this title (gold is raised by Trump's decision to impose heavy charges on imports of steel and aluminum) through its original source (Mawazine News).
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