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Gold declines as risk appetite recovers

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rocky
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Gold declines as risk appetite recovers

Post by rocky on Tue 10 Apr 2018, 6:40 am

[ltr]Gold declines as risk appetite recovers[/ltr]
[ltr]Economie[/ltr]
 Since 2018-04-10 at 14:09 (Baghdad time)
[ltr][/ltr]
[ltr]Follow - Mawazine News[/ltr]
[ltr]Gold pared early gains to plummet after Chinese President Xi Jinping pledged on Tuesday to cut tariffs on certain goods, helping ease fears over a growing trade row with the United States.[/ltr]
[ltr]Xi pledged greater openness to China's economy and cut tariffs on imports, including automobiles. His remarks prompted gains for US stocks in futures, dollar and Asian stocks.[/ltr]
[ltr]This has weakened demand for dollar-denominated gold and increased risk appetite.[/ltr]
[ltr]Spot gold fell 0.1 percent to $ 1334.70 an ounce by 0727 GMT after rising to a one-week high of $ 1338.12 earlier in the session.[/ltr]
[ltr]Gold futures in the US fell 0.2 percent to $ 1337.80 an ounce.[/ltr]
[ltr]Silver rose 0.2 percent to $ 16.48 an ounce.[/ltr]
[ltr]Platinum rose 0.2 percent to $ 933.5 an ounce after gaining 2 percent in the previous session, the biggest increase in nearly two months.[/ltr]
[ltr]Palladium rose 0.4 percent to $ 933 an ounce, up 3 percent on Monday, the highest daily increase in percentage since Jan. 12.[/ltr]


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    Current date/time is Thu 15 Nov 2018, 8:42 am