Monday 11 March 2019

Gold gains as updated

Spot gold was up 0.2 percent at $1,296.08 per ounce as of 0403 GMT, while U.S. gold futures rose 0.4 percent to $1,295.90 an ounce.

Gold rose on Tuesday as the dollar weakened after the European Commission agreed to amendments to the UK's Brexit deal, although gains were limited as the agreement also buoyed sentiment for riskier assets.

Commodity News
Commodity News

Spot gold was up 0.2 percent at $1,296.08 per ounce as of 0403 GMT, while U.S. gold futures rose 0.4 percent to $1,295.90 an ounce.

Gold also found some support from increasing concerns about global growth. U.S. retail sales rose modestly in January, but the recovery was not seen strong enough to alter the course of a U.S. economy that was losing momentum in early 2019.

Silver gained 0.5 percent to $15.39 per ounce, while Platinum dipped about 0.6 percent to $819.88 per ounce, after touching its lowest since Feb. 19 at $803.50 in the previous session.


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