Gold closes slightly higher as dollar stabilizes
Gold prices rose slightly during today as US dollar stabilized against most major currencies and stock markets rallied for a second day following comments from the US administration that eased the trade war fears.
US President Donald Trump said yesterday that his administration may cancel tariffs against China, but that decision will depend on the outcome of the negotiations.
On the other hand, sources told CNBC today, that the White House plans to postpone the decision to impose tariffs on US imports of cars for six months.
Meanwhile, the dollar index (against a number of major currencies) stabilized by 97.5 points as of 18:23 GMT, reaching a high of 97.7 points and a low of 97.4 points.
Gold futures (June delivery) rose 0.1% to close at $1297.8 an ounce. The precious metal hit a high of $1301.7 and a low of $1293.6.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1093
|
0.0195
|
1.7916%
|
|
|
|
|
1.2332
|
0.0146
|
1.2018%
|
|
|
|
Tadawul
|
7050.66
|
0.49
|
0.01%
|
|
|
|
|
17.820
|
0.709
|
4.141%
|
|
|
|
|
34.924
|
1.494
|
4.469%
|
|
|
|
|
35.33
|
0.04
|
0.11%
|
|
|
|
|
1732.010
|
4.150
|
0.240%
|
|
