Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

Forex MCX India

Link Exchange

 
ND: Gold touches three-week peak as investors ditch equities on Trump worries
 
* SPDR Gold holdings up 0.5 pct after three sessions of outflows * Silver and platinum off two-week highs hit in previous session (Updates throughout, adds quote and LONDON dateline) By Zandi ShabalalaLONDON, March 22 (Reuters) - Gold strengthened on Wednesday, with the price touching its highest in three weeks as the dollar languished near six-week lows and bond yields sank on uncertainty over the economic policies of U.S. President Donald Trump. Spot gold was up 0.1 percent at $1,245.54 an ounce by 1205 GMT, having earlier climbed as high as $1,248.47. The lack of a concrete policy from the Trump administration is increasing gold's attraction as a safe-haven investment, analysts and traders said. "It seems that equity investors decided to take some money off the table, perhaps getting slightly wary about the progress in President Trump's legislative agenda," said INTL FCStone analyst Edward Meir. U.S. gold futures firmed slightly to $1,245.90. The dollar index <.DXY>, which measures the greenback against a basket of currencies, was at 99.818, near the six-week low of 99.642 reached on Tuesday. Gold was also supported by a further drop in U.S. Treasury yields, with the 10-year benchmark yield dipping below 2.4 percent for the first time since March 1. Gold has rallied nearly $50 from last Wednesday's low and clocked its longest winning streak since early January after a less hawkish tone on interest rates in the U.S. Federal Reserve's latest policy statement. "The re-positioning of investors since the FOMC meeting continues unabated, with investors becoming less bearish as a result of the subdued outlook for rates in 2018," ANZ analysts said in a note. Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.5 percent to 834.40 tonnes on Tuesday after three sessions of outflows. In other precious metals, spot silver slipped by 0.2 percent to $17.52 an ounce, having hit a more than two-week high of $17.59 in the previous session. Platinum gained 0.6 percent to $970 and palladium eased by 0.3 percent to $783.75. Palladium had peaked at $792.90 on Tuesday, its highest in more than a month.

Source