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gold was up 0.25 on Wednesday, the lowest since April 6.5 per cent to $1,229.661 notched in the previous session. end-of. Bengaluru: Gold rose for the first session in seven as traders covered short positions, a day after the yellow metal slid to a seven-week low on expectations of an interest rate hike by the U.157, moving away from a two-month high of 95."Today there has been a little bit of recovery due to short covering and oil prices trading near $50 is also supporting gold," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.S.The prospect of an interest rate hike, as indicated by Fed meeting minutes released last week, and a strengthening U.Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months after U.5 per cent at $1,229. Federal Reserve, possibly next month. Investors will be looking for cues from data on the U.S.
The metal fell to $1,217.Among other precious metals, spot silver and spot platinum rose the most in about two weeks, while spot palladium jumped the most in a month.
The buying sentiments were also LFT Mould Suppliers boosted by an easing dollar and a rally in oil prices, ahead of an extended holiday weekend in the United States, analysts said.61 per ounce at 0325 GMT, climbing for the first time since May 17.2 per cent to 95.61 per ounce at 0325 GMT, climbing for the first time since May 17.Spot gold rose 0. dollar have pushed gold down nearly 5 percent so far in May, putting it on track for its biggest monthly decline since November. government figures showed a sharper-than-expected drawdown in crude stocks last week.Spot gold rose 0.The dollar index inched down 0.Gold is sensitive to interest rates, gains in which raise the opportunity cost of holding the non-interest-yielding asset.5 per cent to $1,229.S.U.
Dallas Fed President Robert Kaplan on Wednesday said he would support raising interest rates in the "near future", though a vote by Britain on whether to leave the European Union will weigh on any Fed rate decision in June.90. Fed Chair Janet Yellen is due to speak on Friday, and could reinforce expectations that the central bank might raise interest rates as early as next month, or July.S.S. weekly unemployment and April pending home sales scheduled to be released later in the day
The metal fell to $1,217.Among other precious metals, spot silver and spot platinum rose the most in about two weeks, while spot palladium jumped the most in a month.
The buying sentiments were also LFT Mould Suppliers boosted by an easing dollar and a rally in oil prices, ahead of an extended holiday weekend in the United States, analysts said.61 per ounce at 0325 GMT, climbing for the first time since May 17.2 per cent to 95.61 per ounce at 0325 GMT, climbing for the first time since May 17.Spot gold rose 0. dollar have pushed gold down nearly 5 percent so far in May, putting it on track for its biggest monthly decline since November. government figures showed a sharper-than-expected drawdown in crude stocks last week.Spot gold rose 0.The dollar index inched down 0.Gold is sensitive to interest rates, gains in which raise the opportunity cost of holding the non-interest-yielding asset.5 per cent to $1,229.S.U.
Dallas Fed President Robert Kaplan on Wednesday said he would support raising interest rates in the "near future", though a vote by Britain on whether to leave the European Union will weigh on any Fed rate decision in June.90. Fed Chair Janet Yellen is due to speak on Friday, and could reinforce expectations that the central bank might raise interest rates as early as next month, or July.S.S. weekly unemployment and April pending home sales scheduled to be released later in the day
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