Gold Pares Back Gains as Dollar Regains Ground on Geopolitical Tensions

Gold Pares Back Gains as Dollar Regains Ground on Geopolitical Tensions

Gold futures prices retraced gains on Thursday, retreating from 5-month highs as the dollar recovered from an overnight selloff after U.S. President Donald Trump said the currency was too strong, besides rising tensions over US relations with Russia and North Korea.

Gold for June delivery was at $1,284.75 on the Comex, after going as high as $1,290.05 overnight, the most since Nov 9.

Spot gold earlier rose as much as 0.2 percent to 1,287.98 per ounce, the highest since Nov. 10.

The dollar recovered after retreating following Trump’s comments on Wednesday.

In an interview with The Wall Street Journal Trump, the US dollar said, “is growing stronger” and ultimately harms the economy. Trump also said he prefers the Federal Reserve to keep interest rates low.

The dollar index, which measures the strength of the greenback versus a basket of six major currencies, rose 0.36% to hit 100.42 after hitting a two-week low of 99.94.

South Korea expressed its belief on Thursday that the United States Stscharha before any possible preemptive strike against Pyongyang and China urged the North to stop its nuclear program in exchange for greater protection of Beijing.

For Commodity Market Trading, MCX Live Trade Calls, Gold-Silver Market Prices and trading market latest news & updates  with 100McxTips, follow us on Twitter @100mcxtips and Like on Facebook.  And to contact the reporter on this story email at or Call: +91-761-4012307.

Commodity Tips


MCX Commodity Tips is an experienced Commodity Research Advisory to predict investors buying and trading trends at various market environments. For free trial advisory on commodity Gold, Silver, Crude, Copper and all Indian Commodities kindly visit us and submit an query form at commodity free trial tips here.

Posted in Commodity, MCX, Stocks Market

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Free Crude Oil Tips
Free Trial Crude Trading Tips
Contact & Visit Info
M-Sat : 10am - 7pm

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

NG Trading Tips
Free Trial Commodity Tips
Disclaimer: 100McxTIps would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Bulloin Futures prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore 100McxTips doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
%d bloggers like this: