Gold steady amid tensions of upcoming French elections

India Infoline News Service | Mumbai | April 21, 2017 10:33 IST

Gold stood high in Friday’s trading session after trading up by 0.2% in the previous session, with tensions surrounding the upcoming French presidential elections scheduled on April 23, 2017, supporting the safe haven demand.

Gold ingots

Gold stood high in Friday’s trading session after trading up by 0.2% in the previous session, with tensions surrounding the upcoming French presidential elections scheduled on April 23, 2017, supporting the safe haven demand.
 
At 0059 GMT, spot gold remained unchanged at $1281.21 per ounce; and U.S. Gold Futures were also flat at $1282.20.
   
The Trump administration had a simple message for the world financial leaders who gathered in Washington on the previous day amid worries about rising protectionism: fair trade means tit for tat tariffs.
 
Fresh applications for U.S. jobless claims benefits spiked more than expected last week, but a slip in number of American unemployment rolls to a 17 year low, suggesting the labour market continues to tighten.


 
Holdings of SPDR Gold Trust informed its holdings slipped 0.76% to 854.25 tonnes on previous trading session from Wednesday.
 
Gold prices in India were at premium this week, as jewelers raised purchases ahead of Akshaya Tritiya, while higher prices kept bullion demand in check.

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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