Palladium triumphs over a steady gold amidst hopes of fewer rate hikes by Fed
MG News | December 12, 2018 at 11:38 AM GMT+05:00
December 12, 2018 (MLN): Gold prices continued to remain stagnant during initial hours on Wednesday, supported by expectations of fewer rate hikes by the U.S. Federal Reserve next year, while palladium once again traded at a premium to gold.
Spot gold inched up 0.1 percent to $1,244.40 per ounce, as of 0115 GMT. U.S. gold futures rose 0.2 percent to $1,249.9 per ounce. Spot palladium was up 0.2 percent at $1,246.30 per ounce. Prices climbed over 2 percent in the previous session.
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