Indian Stock Market Tips|Gold prices steady as US-China trade optimism pressures dollar
Spot gold was mostly unchanged at $1,184.24 an ounce at 0037 GMT. Last week, it touched its lowest since January 2017 at $1,159.96.
The metal fell 2.2 percent last week, recording a sixth consecutive weekly decline. It was also gold's worst weekly performance since December 2017.
US gold futures were up 0.6 percent at $1,191.60 an ounce.
Gold has tumbled over 14 percent from its April high as a rally in the greenback made dollar-priced bullion more expensive for buyers using other currencies.
Investors seeking a safe place to store assets amid trade disputes and a Turkish currency crisis have preferred the dollar to gold, undermining the reputation of bullion as a safe-haven.
However, news of planned US-China trade talks and a partial recovery in Turkey's lira have steadied investor nerves slightly.
The dollar index, which measures the greenback against a basket of six currencies, was mostly flat at 96.125 on Monday, after hitting its highest since June 2017 last week. The index suffered its worst one-day decline in nearly a month on Friday.
China and the United States will hold lower-level trade talks this week to resolve an escalating tariff war that threatens to engulf all trade between the world's two largest economies
Hedge funds and money managers increased their net short position in COMEX gold contracts for the sixth straight week to another record in the week to Aug.
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