Gold firm as geopolitical tension with North Korea offers support
DSIJ Intelligence / 18 Apr 2017
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While the spot gold remained unchanged at USD 1,283.96 per ounce by 0246 GMT, the US gold futures reduced by 0.5 per cent at USD 1,285.50.
Falling from a five month high against a strengthened dollar in the previous session, the gold prices remained stable, backed by the geopolitical tensions over North Korea.
While the spot gold remained unchanged at USD 1,283.96 per ounce by 0246 GMT, the US gold futures reduced by 0.5 per cent at USD 1,285.50. The spot gold prices had reached the highest since November 9, 2017, hitting a record high of USD 1,295.42 in the last session.
The geopolitical tension between the USA and the North Korea over North Korea's nuclear and missile programme intensified with the US Vice President arriving in South Korea, while the dollar rose higher.
The spot silver rose by 0.1 per cent to USD 18.40 per ounce, preceded by a five-month high at USD 18.649 in the last session. Platinum also hiked by 0.3 per cent to USD 982.50 per ounce, whereas the palladium reduced by 0.3 per cent to USD 785.95.
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