Gold prices bounce back from one-week low on dip buying

Gold prices bounce back from one-week low on dip buying

KUALA LUMPUR: Gold rose on Thursday as investors bought the dip after prices hit one-week lows in the previous session on US President Donald Trump's reassurance about not firing Federal Reserve Chair Jerome Powell and his remarks on China trade talks. © New Straits Times Press (M) Bhd

Gold price rebounds as bulls buy the dip

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Gold rebounds over 1 per cent on bargain buying after one-week low

WASHINGTON: Gold prices jumped more than 1 per cent on Thursday on bargain buying, a day after the bullion hit a one-week low amid optimism over the US-China trade deal. Spot gold rose 1.1 per cent to $3,323.21 an ounce, as of 0634 GMT. US gold futures gained 1.1 per cent to $3,330.20. Non-yielding bullion, traditionally seen as a hedge against global instability, hit a record high of $3,500.05 on Tuesday but fell below the $3,300 level on Wedne…

LAST TIME Gold rises 1%: shelter from doubts about descaling continues The gold price has risen more than 1% after the announcement of Beijing, which has pointed out that there have been no trade talks with the United States. This fact has cooled the expectations of an agreement, after [...] The entry LAST TIME Gold rises 1%: shelter from doubts about descaling continues to be published first on Business TV.

Gold Digger: Commbank says gold could hit US$3750/oz even after mid-week stumble

Gold prices suffered a blip after clearing US$3500/oz on Tuesday As volatility strikes bullion, analysts still see tailwinds for the precious metal Commbank’s Vivek Dhar says the commodity could rise to US$3750/oz Gold’s temporary fall from grace on Wednesday brought a hint of cold, harsh reality to bear for gold bulls, a reminder that prices do not go up inexorably (as lithium companies learnt with blunt force two years ago.) But Wednesday’s ca…