Gold loses ground as dollar recovers

- বাংলাদেশের জনপ্রিয় ব্রোকার -

Gold prices were slightly lower in European trading on Wednesday, as the dollar edged away from the prior session’s three-week low, prompting investors to take profit on recent gains.

Comex gold futures shed $8.10, or around 0.6%, to $1,286.00 a troy ounce by 3:00AM ET (07:00GMT). Meanwhile, spot gold was down $4.90 at $1,284.60.

The yellow metal settled higher for the fifth session in a row on Tuesday after hitting its strongest since early November at $1,297.40 at the start of the week.

Also on the Comex, silver dipped 7.2 cents, or about 0.4%, to $18.20 a troy ounce. It touched its highest since November 11 at $18.65 on Monday.

The dollar index, which tracks the greenback against a basket of six rival currencies, edged up 0.1% to 99.52, pulling away from Tuesday’s low of 99.36, its deepest trough since March 28.

Meanwhile, the 10-year U.S. Treasury yield was at around at 2.19%, after falling to a low of 2.165% Tuesday, the lowest since November 10.

Gold has been well-supported in recent sessions as market players sought shelter in safe-haven assets ahead of the upcoming French presidential election on Sunday and amid heightened geopolitical tension between the U.S. and North Korea.

Reduced expectations for a Federal Reserve rate hike in June in wake of recent weakness in U.S. economic data further burnished the appeal of the yellow metal.

Futures traders are pricing in around a 40% chance of a hike at the Fed’s June meeting, according to’s Fed Rate Monitor Tool, down from around 60% last week.

Elsewhere in metals trading, platinum inched up 0.2% to $980.30, while palladium tacked on 0.3% to $773.35 an ounce.

May copper futures gained 1.9 cents to $2.549 a pound, bouncing back after touching a three-month low of $2.515 in the prior session, on concern over a slowdown in demand from China.

পূর্বের আর্টিকেলDollar comes off 3-week lows as sterling eases after rally
পরবর্তী আর্টিকেলOil holds near 2-week low ahead of U.S. stockpile data
Fx Bangladesh
নতুনদের ফরেক্স ট্রেডিং সংক্রান্ত সকল ধরণের সহায়তা করার জন্য ,ফরেক্স বাংলাদেশ কাজ করে যাচ্ছে। ইতিমধ্যেই আমরা প্রায় ২২০০+ অধিক ট্রেডারকে, ফরেক্স ট্রেডিং সংক্রান্ত সঠিক দিক নির্দেশনা প্রদান করে আসছি এবং আমাদের এই অগ্রযাত্রা অব্যাহত থাকবে বলে আশা করি। ফরেক্স ট্রেডিং সংক্রান্ত আপনার যেকোনো সহায়তার জন্য আমাদের সাথে যোগাযোগ করুন। ধন্যবাদ ।

কমেন্ট/প্রশ্ন করুন

Please enter your comment!
Please enter your name here