Gold holds firm ahead of French election

Dhaka,  Sat,  27 May 2017
Published : 21 Apr 2017, 11:53:12
printer

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.
ADDRESS
Editor : A.H.M Moazzem Hossain
Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO Box : 2526 Dhaka- 1000 and printed by him from City Publishing House Ltd., 1 RK Mission Road, Dhaka-1000.
Telephone : PABX : 9553550 (Hunting), 9513814, 7172017 and 7172012 Fax : 880-2-9567049
Email : editor@thefinancialexpress-bd.com, fexpress68@gmail.com
Copyright © 2017. All rights reserved
Powered by : orangebdlogo
close