Tue June 19, 2018
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

Business

REUTERS
March 9, 2018

Share

Advertisement

Gold firm

Bengaluru : Gold prices held steady on Thursday as investors awaited more details on U.S. President Donald Trump´s proposed steel and aluminium tariffs, the outcome of the European Central Bank´s policy meeting, and U.S. jobs data.

x
Advertisement

Spot gold rose 0.2 percent to $1,327.48 per ounce by 0309 GMT. It hit a one-week high on Wednesday at $1,340.42, before closing at $1,325.49 an ounce.

U.S. gold futures were mostly unchanged at $1,32.20. "We see gold as a good hedge against rising equity market volatility and heightened political risks around trade tariffs, the NAFTA deal and North Korea," ANZ analysts said in a note.

Asian shares found some relief on Thursday as fears about a global trade war amid Trump´s push to introduce protectionist tariffs were tempered by signs that the move could include carve-outs for key partners.

Advertisement

Comments

Advertisement
Advertisement

Topstory

Opinion

Newspost

Editorial

National

World

Sports

Business

Karachi

Lahore

Islamabad

Peshawar