Precious Metal

03/1/2018                             10:30 am

  • Gold prices gained in Asia on Wednesday as a Twitter taunt by President Donald Trump to North Korean leader Kim Jong-un raised the stakes on nuclear weapons policy.
  • Gold futures for February delivery on the Comex division of the New York Mercantile Exchange rose 0.26% to $1,319.50 a troy ounce.
  • Overnight, gold prices edged higher on Tuesday amid ongoing dollar weakness, while rising geopolitical uncertainties supported sentiment, including continued protests in Iran.
  • U.S. Commodity Futures Trading Commission (CFTC) on Friday reported that hedge funds and money managers had increased their net long stance in gold in the week ended Dec. 29 to 135,900, up 22,200.
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