PRECIOUS-Gold ticks up as dollar stays on back foot – Reuters
- Date: 26-Apr-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
PRECIOUS-Gold ticks up as dollar stays on back foot – Reuters
April 26 (Reuters) - Gold prices inched higher on Monday,
helped by a soft dollar ahead of the U.S. Federal Reserve policy
meeting this week, while palladium held below a record peak
scaled last week.
FUNDAMENTALS
* Spot gold was up 0.1% at $1,779.36 per ounce by
0127 GMT. U.S. gold futures rose 0.1% to $1,780.10 per
ounce.
* Palladium was up 0.1% at $2,857.01 per ounce. It
back foohad hit a record high of $2,925.14 on Friday.
* The dollar index nursed losses against its rivals,
making gold less expensive for other currency holders.
* U.S. factory activity powered ahead in early April, while
retail sales jumped to a record in March and hiring accelerated.
* Investors poured $16.4 billion into global bond funds and
$14.9 billion into money market funds in the week ended