RoyalTraders Live News Update:

RoyalTraders
Call@9719026661
Whatsapp@9719036174
www.RoyalTraders.co
Best Accuracy For Royal Traders
Gold prices inch up on buying after steep fall

Gold prices inched up on Thursday on buying after the bullion hit a one-week low and posted its biggest one-day percentage fall in nearly 9 months in the previous session.

Spot gold XAU= was up 0.2 percent at $1,327.72 per ounce at 0419 GMT, after hitting a one-week low of $1,323.20 in the previous session. Prices dropped 1.5 percent on Wednesday to mark their biggest one-day percentage decline since July 3, 2017.

U.S. gold futures GCcv1 for April delivery climbed 0.2 percent to $1,326.80 per ounce.

“Gold is still being seen as a safe-haven asset at the moment and we are seeing good physical buying, so that is supporting gold,” said Brian Lan, managing director at dealer GoldSilver Central in Singapore.

Be the first to comment

Leave a Reply

Your email address will not be published.


*