Motilal Oswal
    NIFTY 50
Motilal Oswal
Powered by:

Gold prices buoyed by global political tensions

Updated : August 10, 2018 09:34 AM IST

Spot gold was flat at $1,212.12 an ounce at 0321 GMT, having lost 0.1 percent on Thursday.
The US dollar, in which gold is priced, was down about 0.2 percent at 110.90 yen. The greenback, however, hovered just short of a 13-month high against a basket of peers as European currencies such as the pound and euro continued to lose traction.
Higher US rates tend to boost the dollar and Treasury yields, adding pressure on greenback-denominated, non-yielding bullion. The yield on the 10-year Treasury note fell to 2.92 percent. according to AP.
Gold prices buoyed by global political tensions
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV