Gold inches up amid wavering

Economies.com
2017-04-28 14:59PM UTC

Gold prices inched up on Friday after falling yesterday, with wavering still dominating the precious metal's movements as the dollar dithers as well following U.S. GDP growth data. 

 

The dollar edged down after the U.S. economy grew less than expected in the first quarter, in turn buoying demand on gold prices amid overall wavering in the markets. 

 

Markets were still buoyed by the first round results of French presidential elections, while U.S. treasury secretary announced new tax reform plans. 

 

Geopolitical tensions increased in the Korea peninsula as well after U.S. president Trump that the possibility of a major conflict is big, nudging stocks towards safe havens. 

 

Gold last traded at $1,266.6 an ounce, up from the opening of $1,263.80, with an intraday high at $1,268.40, and a low at $1,263.1. 

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