Thursday, 11 October 2018

Gold Prices Edged Higher As Some Investors Sought Refuge In The Precious Metal

Gold trading range for the day is 31220-31476.

Gold prices edged higher as some investors sought refuge in the precious metal after the global stocks tumbled and the U.S. dollar weakened.

U.S. President Donald Trump again criticized the Fed, telling reporters the central bank is going too fast in raising rates when inflation is minimal.

Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 1.21 percent to 738.99 tonnes.

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