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Gold prices steady as dollar edges higher
Wednesday, 5 December 2018 09:03 WIB | PRECIOUS METALS |GOLDEMAS Spot EmasEmas berjangka

Gold prices were steady early Wednesday as the dollar edged up, while palladium dipped from record highs touched in the previous session but was in close proximity to the bullion.

Spot gold was at $1,236.85 per ounce at 01:21 GMT. In the previous session, prices touched a peak of $1,241.86, their highest since Oct. 26.

U.S. gold futures were down 0.4 percent at $1,241.4 per ounce.

The dollar index, which measures the greenback against a basket of six major currencies, was marginally up by about 0.1 percent.

One of the most influential Federal Reserve policymakers said on Tuesday he expects further interest rate hikes continuing next year since the U.S. economy is "in really good shape," reinforcing the Fed's upbeat tone in the face of growing doubts in financial markets.      

U.S. President Donald Trump on Tuesday held out the possibility of an extension of the 90-day trade truce with China, but warned he would revert to tariffs if the two sides could not resolve their differences.

Source: Reuters

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