For Quick Alerts
For Daily Alerts

Gold Price Edge Further Higher On US-China Trade Talks Optimism


The appeal of gold has again outshined the dollar given the backdrop of trade optimism between the US and China. In a general case, weakening of the dollar, increases the safe haven appeal of the yellow precious metal. And gold becomes cheaper in other currencies.

Gold Price Edge Further Higher On US-China Trade Talks Optimism

In Friday's trade, gold gold prices jumped higher, but the gains were limited as the Fed minutes of the January meet hinted at a possible rate hike this year.

Spot gold inched 0.1 percent higher to $1,324.59 per ounce at 10 AM IST. This is the second weekly gain for the metal, which in Thursday's session reached a 10-month peak.

In the domestic market too, an uptick in demand and gold cues have weighed positively on the metal, with 24 K quoting at Rs. 33,830 per 10 gm of gold.

Story first published: Friday, February 22, 2019, 13:18 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more