Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Weaker dollar and fizzling stock market gauge way for higher gold prices

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December 28, 2018 (MLN): Gold prices climbed on Thursday, supported by a weaker dollar. Moreover, investors turned towards the precious metal after stock markets fizzled out.

Spot gold was 0.6 percent higher at $1,274.50 per ounce, after hitting at $1,279.06 in the previous session, its highest since June 19.

U.S. gold futures settled $8.10 higher at $1,281.10 per ounce.

Posted on: 2018-12-28T10:39:00+05:00

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