Gold steady as stock rally offsets weaker dollar
Metal is hardly changed after snapping a three-session winning streak, as an equity rally balances support from a softer dollar
03 June 2020 - 08:23
Bengaluru — Gold traded steady on Wednesday after snapping a three-session winning streak in the previous day, as a rally in equity markets on the hope of more stimulus offset some support from a weaker dollar.
Spot gold was unchanged at $1,727.65/oz by 2.59am GMT, after declining 0.7% on Tuesday. US gold futures fell 0.1% to $1,732.20...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.