Gold prices rose on the back of a weaker U.S. dollar on Tuesday, extending gains into a third session after U.S. president Donald Trump said he was "not thrilled" with the U.S. Federal Reserve for raising interest rates.
Fundamentals
Spot gold was up 0.3 percent at $1,193.97.24 an ounce at 0054 GMT. It climbed 0.5 percent in the previous session. U.S. gold futures were up 0.5 percent at $1,200.60 an ounce.
The dollar index , which measures the greenback against a basket of six major peers, was down 0.4 percent at 95.494. The dollar was down 0.2 percent at 109.86 yen.
Trump said on Monday he was "not thrilled" with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the U.S. central bank should do more to help him to boost the economy.
Asian stocks were capped in the wake of those comments from Trump and after he accused China and Europe of manipulating their currencies.

0 comments:
Post a Comment