Gold prices rise
Bengaluru : Gold prices edged up on Thursday, after touching their highest since September in the previous session, buoyed as a rally in equities appeared to falter.
Spot gold was up 0.1 percent at $1,317.93 an ounce by 0655 GMT. On Wednesday, it marked its lowest since September 15 at $1,326.56 an ounce. US gold futures were down 0.1 percent at $1,319.10 an ounce.
“Rising oil prices and strong global growth suggest gold will remain supported as investors look for inflation protection,” said Stephen Innes, APAC head of trading at Oanda.
“Also, a highly-anticipated stock market correction is providing support on dips which continues to support the bullish gold narrative.”
Oil prices held near three-year highs on Thursday, buoyed by a surprise drop in US production and lower crude inventories.
-
What You Need To Know About Ischemic Stroke -
Shocking Reason Behind Type 2 Diabetes Revealed By Scientists -
SpaceX Cleared For NASA Crew-12 Launch After Falcon 9 Review -
Meghan Markle Gives Old Hollywood Vibes In New Photos At Glitzy Event -
Simple 'finger Test' Unveils Lung Cancer Diagnosis -
Groundbreaking Treatment For Sepsis Emerges In New Study -
Roblox Blocked In Egypt Sparks Debate Over Child Safety And Digital Access -
Savannah Guthrie Addresses Ransom Demands Made By Her Mother Nancy's Kidnappers -
OpenAI Reportedly Working On AI-powered Earbuds As First Hardware Product -
Andrew, Sarah Ferguson Refuse King Charles Request: 'Raising Eyebrows Inside Palace' -
Adam Sandler Reveals How Tom Cruise Introduced Him To Paul Thomas Anderson -
Washington Post CEO William Lewis Resigns After Sweeping Layoffs -
North Korea To Hold 9th Workers’ Party Congress In Late February -
All You Need To Know Guide To Rosacea -
Princess Diana's Brother 'handed Over' Althorp House To Marion And Her Family -
Trump Mobile T1 Phone Resurfaces With New Specs, Higher Price