Gold prices held close early Friday to near six-week lows hit in the previous session, as the dollar firmed after upbeat US economic data supported the Federal Reserve's resolve for steady interest rate hikes over the next year. Spot gold was up 0.1 per cent to $1,183.58 as of 0103 GMT. On Thursday, the metal fell about 1 per cent and touched its lowest since Aug. 17 at $1,181.61 an ounce.
Spot gold is down about 1.3 per cent for the week, on track for its fourth weekly decline in five. US gold futures were flat at $1,187.30 an ounce. The dollar stood tall against its peers on Friday, and hovered near a nine-month high versus the yen. For more information please Visit : www.dollaradvisory.com and Call : +91 9111-179961
No comments:
Post a Comment