Gold firm after slipping over 1% amid firmer dollar

India Infoline News Service | Mumbai | April 20, 2017 09:37 IST

Gold stood firm after a slip of 1% in the previous session, as tensions surrounding N Korea and the nearing French presidential elections, offered aid to gold, amid firmer dollar.

Gold stood firm after a slip of 1% in the previous session, as tensions surrounding N Korea and the nearing French presidential elections, offered aid to gold, amid firmer dollar.
 
At 0107 GMT spot gold rose up 0.1% at $1280 per ounce. The metal slipped 0.8% in Wednesday's trade.
 
U.S. gold futures were weaker by 0.2% at $1281.30.
 
The dollar index, which measures the greenback against 6 major currencies inched up 0.1% to 99.781, sliding away from 3 week low of 99.465 plumbed on Tuesday.
 
SPDR Gold Trust informed that its holdings rose 1.39%  to 860.76 tonnes on Wednesday from 842.92 tonnes on Tuesday.
 
China Development Bank is considering providing financing for a Chinese consortium, seeking to buy stake in Russia’s largest gold mine, Polyus, as informed by sources closely related to the development.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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