Gold really edge lower on Monday to touch a near four-week low as the dollar held very firm. With the market waiting on comments from Fed Reserve official after last week’s soft economic Data. Fed will remain hawkish towards interets rate hikes and gold will not be able to recover any time soon.
Spot gold fell 0.1% to $1,252.40 per ounce as of GMT 0400. It hit fresh low of $1,250.80 during the session, its lowest since May 24.
Among other metals,spot Palladium was up by 1.3% to $872.83, Platinum rose to 0.4% to $928 per ounce.
Silver rose 0.6% to $16.68 per ounce. It hit a low of $16.575 during session, its weakest since May 19.
Will share more updates as USA opens for trading .
Cheers , enjoy the day with more smiles.
+0800 * 16.00. 19-06-2017.
Asia Trading closing hours.