NIFTY 50
Powered by:

Gold steady as risk-on sentiment weighs on dollar

Updated : November 22, 2018 11:00 AM IST

Spot gold was 0.1 percent higher at $1,227.11 per ounce at 0344 GMT. Prices on Wednesday marked their strongest since Nov. 7 at $1,230.07 per ounce. US gold futures were down 0.2 percent at $1,226.1 per ounce.
The dollar has been under pressure this week as cautious comments by Fed officials about a potential global slowdown raised doubts on the pace of interest rate hikes.
Prospects of higher US interest rates are negative for dollar-priced gold as they raise the opportunity cost of holding bullion.
Gold steady as risk-on sentiment weighs on dollar
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