Gold settles higher while shrugging off dollar's advance
2017-09-13 15:49:15 GMT (Economies.com)
Gold settles higher while shrugging off dollar's advance

Gold futures titled higher in American trade as the dollar index continued to rebound from the lowest since January 2, 2015, following earlier data from the US, the world's largest economy. 

 

As of 02:56 GMT, gold futures due on December 16 rose 0.05% to $1,333.40 an ounce from the opening of $1,332.70, while the dollar index added 0.13% to 92.00 from the opening of 91.88. 

 

Earlier US data showed producer prices rose less than expected in August, while core prices widened also below forecasts, as yearly readings for both accelerates below expectations as well. 

 

August inflation data was released earlier this week with investors now studying their possible impact on the Federal Reserve's policy decisions, while noting that chances of a Fed rate hike for a third time this year have fallen considerably in recent weeks. 

 

Concerns have dissipated overall regarding the North Korea nuclear situation and Hurricane Irma, with the later losing most of its strength already, in turn buoying risk appetite in the markets and blocked the yellow metal away from a one-year high on profit-taking throuhgout this week. 

 
 
 
  Symbol Last Change Chg.%
1.1791
0.0128
1.0983%
1.3216
0.0053
0.4011%
17.313
0.422
2.501%
56.635
-0.230
0.405%
62.71
1.35
2.20%
1294.360
18.690
1.465%
 
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