Gold holds firm ahead of French election

Dhaka,  Thu,  21 September 2017
Published : 21 Apr 2017, 11:53:12

Gold holds firm ahead of French election

Gold holds firm ahead of French election
Gold held steady on Friday, after rising 0.2 per cent in the prior session, with tensions surrounding upcoming French elections on Sunday underpinning the safe-haven demand.

Spot gold was unchanged at $1,281.21 per ounce as of 0059 GMT.

US gold futures were also flat at $1,282.80.

Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.76 per cent to 854.25 tonnes on Thursday from Wednesday.

Gold prices in India were at a premium this week as jewellers raised purchases ahead of a key festival, while higher prices kept bullion demand in check elsewhere in Asia, according to Reuters.
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