Wednesday, 15 March 2017

European poll worries spikes gold prices

Gold prices inched up on Wednesday as uncertainity lures over the Dutch elections, while investors are eyeing the U.S.Federal meeting outcome related to a likely interest rate hike.
By 0313 GMT, Spot gold went up to 0.3 % to $1,201.64 per ounce.
U.S. gold futures slipped 0.1% at $1,201 per ounce.
Investors are also eyeing the Dutch elections, which is aiding the gold as a safe haven appeal.
Gold prices tumbled over 5%, since gold couldn’t sustain a break above its 200 DMA resistance at $1261, at the end of February.
Spot silver surged 0.5% to $16.92 an ounce.
Platinum was up by 0.8%, meanwhile palladium tumbled 0.1%.

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