Gold edges higher on dollar weakness, safe-haven flows
Gold prices inched higher on Monday, supported by a weaker dollar and safe-haven flows amid fears of a global trade conflict, while investors awaited further signals to gauge the U.S. Federal Reserve's interest rate stance.
Spot gold was up 0.1% at $2,911.71 an ounce, as of 0447 GMT, while U.S. gold futures firmed 0.1% to$2,917.90. A line chart titled 'Spot gold price in USD per oz' that tracks the metric over time.
The dollar index hovered near a four-month low hit last week, making greenback-priced gold less expensive for overseas buyers.
U.S. stocks ended higher on Friday, rebounding from early declines to give the Dow and S&P 500 a half-percentage point gain each, while the Nasdaq climbed seven-tenths of a percent.
Trump imposed new 25% tariffs on imports from Mexico and Canada last Tuesday, along with fresh duties on Chinese goods.
Spot silver fell 0.4% to $32.42 an ounce, platinum added 0.2% to $965.15, and palladium eased 0.1% to $949.21. Reuters
Gold prices inched higher on Monday, supported by a weaker dollar and safe-haven flows amid fears of a global trade conflict, while investors awaited further signals to gauge the U.S. Federal Reserve's interest rate stance.
Spot gold was up 0.1% at $2,911.71 an ounce, as of 0447 GMT, while U.S. gold futures firmed 0.1% to$2,917.90. A line chart titled 'Spot gold price in USD per oz' that tracks the metric over time.
The dollar index hovered near a four-month low hit last week, making greenback-priced gold less expensive for overseas buyers.
U.S. stocks ended higher on Friday, rebounding from early declines to give the Dow and S&P 500 a half-percentage point gain each, while the Nasdaq climbed seven-tenths of a percent.
Trump imposed new 25% tariffs on imports from Mexico and Canada last Tuesday, along with fresh duties on Chinese goods.
Spot silver fell 0.4% to $32.42 an ounce, platinum added 0.2% to $965.15, and palladium eased 0.1% to $949.21. Reuters
Gold prices inched higher on Monday, supported by a weaker dollar and safe-haven flows amid fears of a global trade conflict, while investors awaited further signals to gauge the U.S. Federal Reserve's interest rate stance.
Spot gold was up 0.1% at $2,911.71 an ounce, as of 0447 GMT, while U.S. gold futures firmed 0.1% to$2,917.90. A line chart titled 'Spot gold price in USD per oz' that tracks the metric over time.
The dollar index hovered near a four-month low hit last week, making greenback-priced gold less expensive for overseas buyers.
U.S. stocks ended higher on Friday, rebounding from early declines to give the Dow and S&P 500 a half-percentage point gain each, while the Nasdaq climbed seven-tenths of a percent.
Trump imposed new 25% tariffs on imports from Mexico and Canada last Tuesday, along with fresh duties on Chinese goods.
Spot silver fell 0.4% to $32.42 an ounce, platinum added 0.2% to $965.15, and palladium eased 0.1% to $949.21. Reuters
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Gold edges higher on dollar weakness, safe-haven flows
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