Gold price fall on profit-taking

Dhaka,  Monday,   2016-09-22
Published : 22 Sep 2016, 15:32:05

Gold price fall on profit-taking

Gold price fall on profit-taking
Gold prices fell on Thursday as investors booked profits after a more than 1.5 per cent rise in the previous session as the US Federal Reserve stood pat on interest rates.

The US central bank, however, strongly signalled it could still tighten monetary policy by year-end as the labour market improved further.

Spot gold was down 0.3 per cent at $1,332.70 an ounce by 0632 GMT, while US gold futures rose 0.4 per cent to $1,337.30 an ounce.

Among other precious metals, spot silver was down 0.3 per cent at $19.75 an ounce after touching a two-week high early in the session.

The metal rose nearly 3.0 per cent on Wednesday.

Platinum fell 0.2 per cent to $1,046.49 per ounce. It rose more than 2.0 per cent in the prior session to touch its highest since early last week at $1,056.60.

Palladium rose 0.3 per cent to $685.25. It hit a near two-week high of $694.30 in the past session, according to a news agency report.

-SRS-
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