Gold steady on geopolitical worries amid firmer dollar
20 April, 2017, 11:13 | Author: Leticia Walters
Gold fell 1 per cent on Wednesday as the dollar and stocks gained, though tensions over North Korea and upcoming French and United Kingdom elections underpinned demand in the safe-haven asset.
Market watchers said the U.S.' bombing of Syria and Afghanistan, as well as the possibility of North Korea conducting another nuclear test, is causing many investors to become anxious, and this is pushing up gold prices.
The precious metal extended gains into the fourth consecutive session Monday, as worries.
The yellow metal gave up some gains as the U.S. dollar rebounded against the yen from a five-month low of 108.11 hit earlier in the day.
Spot gold was mostly unchanged at $1,278.64 per ounce at 0346 GMT.
US stocks regained some ground after the recent global risks had weighed on the market last week.
"Nervousness heading into the French election should theoretically provide some support to gold, but at some point, we think the markets will start to discount a poor showing for Le Pen and perhaps siphon off some of the risk premium already baked into prices", said INTL FCStone analyst Edward Meir.
Investors remained nervous ahead of France's first round of the country's presidential election on Sunday, as a closely watched poll showed the first round of voting is too close to call, though does give centrist Emmanuel Macron the edge to win overall. Visit MarketWatch.com for more information on this news.
Uncertainties over Mr Trump's policy towards North Korea have been growing since the US Navy fired 59 Tomahawk missiles at a Syrian airfield on April 6.
Sales of 1-kilogram gold bars, sold at 54.46 million won, soared 2.5 times to 50 per day from the previous week. "We expect any dips in prices to be eagerly sought by traders", said Jeffrey Halley, a senior market analyst at OANDA.
The Bloomberg Dollar Spot index fell 0.4 percent and has sunk about 4.8 percent from a high reached in January.
Platinum rose 0.3 percent to $982.50 per ounce, while palladium dropped 0.3 percent to $785.95.
Lawyers for Davis and Ward argue the two did not have adequate access to independent mental health experts at trial. Twice in 1997, Texas executed eight prisoners in a single month, according to the Death Penalty Information Center.
The ball was not very high in the air so he could [not] have seen it all the way along. "It's a very unusual goal we conceded". He said: "We hope he produces that level of performance, that would be good".
It is not clear how Trump, now a federal employee, will navigate continuing ties to far-flung foreign business interests. Instead, the first daughter officially put the business in a trust and gave control of it to her in-laws.
The Cavs are finding their groove. "We're right there of what we know can become", James said. "We'll figure it out". Kyrie Irving is averaging 30 points and four assists while LeBron James is averaging 28.5 points and eight rebounds.
Gorsuch's first official act would be to participate in the justices' private April 13 conference to consider new cases to hear. Mitch McConnell is hardly apologetic for his role in securing for conservatives the ninth seat on the U.S.
Bill O'Reilly may be officially leaving Fox News, but he is not departing the network quietly after many allegations against him. O'Reilly said in a statement it is "tremendously disheartening" to leave due to what he called "completely unfounded claims".
The movie released along with Vidya Balan's highly anticiapted flick "Begum Jaan", and left it far behind in terms of collections. Universal has already announced a ninth and tenth installment of the Furious franchise are planned for release in 2019 and 2021.
Ruddy cautioned that if he talked to O'Reilly about a job, he'd need to review the allegations because they are serious. Stewart never failed to roast O'Reilly for his perceived failings during his years spent hosting "The Daily Show".
India's junior finance minister Santosh Gangwar said the government would do everything in its power to bring Mallya to justice. According to PTI from London, the 61-year-old industrialist will appear before Westminster magistrate's court later on Tuesday.
In his annual New Year's address, Kim said that North Korea's preparations for an ICBM launch have "reached the final stage". President Donald Trump tweeted on Thursday that he had "great confidence that China will properly deal with North Korea".
The platform will initiate a collaboration program between Baidu and other automobile giants and industry leaders. Baidu has invested heavily in the research and development of autonomous driving technology since 2015.
Trump Targets Visa Program He Says Hurts American Workers
He said that cutting regulations and getting tax reform are important, but even more critical is Trump's "America first" rhetoric. If the H-1B program is restricted, skilled foreign workers would have to remain in their native countries, says Shika Bhatnagar.