Gold prices lower as trade worries weigh

Gold

After hitting two-week lows in the previous session amid the intensifying US-China trade conflict gold prices traded lower on Wednesday, dropping back below $1,200 in early U.S. trading. Spot gold was up 0.1 percent at $1,196.59 an ounce after hitting its lowest level since August 24 at $1,187.21 on Tuesday. US gold futures were marginally […]

EM central banks acquired 89.4 tonnes of gold in Q2

Gold

About 89.4 tonnes of gold was acquired by central banks, mostly of emerging market economies, in the second quarter of 2018, according to the World Gold Council. The purchase was higher by eight percent in the same period a year ago, In the first half of 2018, they purchased 193.3 tonnes of the yellow precious […]

Gold, silver see corrective rebounds as sell pressure abates

Gold

Prices of gold and silver on Tuesday witnessed corrective rebounds from recent selling pressure in the US, according to report monitored by business a.m., but the near-term technical postures for both metals remain heavily bearish. December gold futures were up $5.40 an ounce at $1,223.10. September Comex silver was last up $0.147 at $15.495 an […]

Gold inches higher, struggles to stabilize after weeks of losses

Gold

Gold inched higher on Tuesday as the dollar slipped, but the precious metal struggled to stabilise even after weeks of losses. Spot gold was 0.2 percent firmer at $1,226.31 an ounce while US gold futures for August delivery rose 0.1 percent to $1,226.50 an ounce. The dollar index, which measures the currency against a basket […]