Gold was trapped in a narrow range above $1,300 an ounce on Tuesday as equities gained ground, with investors appearing to set aside for now geopolitical worries concerning Ukraine.
Spot gold slipped 0.1 per cent to $1,306.41 an ounce by 0254 GMT, and was trading in a $3 range early in Asia. U.S. gold slipped $2.60 to $1,307.90.
Asian shares edged higher tracking rallies in the United States and Europe.
A stronger dollar could also have some impact on prices, although geopolitical variables were likely to be more influential, Meir said.
Spot gold slipped 0.1 per cent to $1,306.41 an ounce by 0254 GMT, and was trading in a $3 range early in Asia. U.S. gold slipped $2.60 to $1,307.90.
Asian shares edged higher tracking rallies in the United States and Europe.
A stronger dollar could also have some impact on prices, although geopolitical variables were likely to be more influential, Meir said.
Gold has gained about 9 per cent this year, largely on tensions between the West and Russia over Ukraine, and violence in the Middle East. The metal is seen as an alternative investment to riskier assets such as equities.
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