Wednesday, 7 March 2018

Gold Prices Edge Higher With All Eyes on U.S. Tariffs-SapForex24

Gold prices edged higher on Thursday, as investors remained cautious ahead of an expected clarification by U.S. President Donald Trump on his proposed tariffs.

Comex gold futures were up 0.11% at $1,329.0 a troy ounce by 0205.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 89.60, just off Wednesday\'s two-week lows of 89.36.

Gold is sensitive to moves in the dollar. A weaker dollar makes gold less expensive for holders of foreign currency.

Elsewhere on the Comex, silver futures gained 0.34% to $16.56 a troy ounce.

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