• About
  • Contact
Friday, July 4, 2025
No Result
View All Result
Londoner News
  • Home
  • London
  • Britain
  • Europe
  • America
  • International
  • Submit Article
  • Other
    • Health
    • Tech
    • Travel
    • Science
  • Home
  • London
  • Britain
  • Europe
  • America
  • International
  • Submit Article
  • Other
    • Health
    • Tech
    • Travel
    • Science
No Result
View All Result
Londoner News
No Result
View All Result
Home Markets

Gold prices steady, eyes on US midterm elections

by The Editor
November 6, 2018
in Markets
0
Gold prices steady, eyes on US midterm elections
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

BENGALURU: Gold prices were steady early Tuesday ahead of US midterm elections that may fuel interest in the metal as a hedge against risk if the result sparks volatility in wider financial markets.

FUNDAMENTALS

Spot gold was largely unchanged at $1,230.77 per ounce, as of 0111 GMT.

US gold futures were flat at $1,232.1 per ounce.

Asian shares ticked up in early Tuesday trade, supported by Wall Street gains although sentiment was tempered ahead of the US midterm elections, the first major electoral test of President Donald Trump's big tax cuts and hostile trade policies.

The United States on Monday restored sanctions targeting Iran's oil, banking and transportation sectors and threatened more action to stop its "outlaw" policies, steps the Islamic Republic called economic warfare and vowed to defy.

Euro zone finance ministers called on Italy on Monday to change its 2019 budget before a deadline set for next week to conform with European Union rules, but Rome dug in its heels saying its disputed deficit plan would not change.

Investor morale in the euro zone fell more than expected in November and hit its lowest level in just over two years, a survey showed on Monday, as concerns about US trade policies and the future of Germany's car industry weighed on sentiment.

Chinese President Xi Jinping promised on Monday to lower tariffs, broaden market access and import more from overseas at the start of a trade expo designed to demonstrate goodwill amid mounting frictions with the US and others.

SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.23 per cent to 757.29 tonnes on Monday from 759.06 tonnes on Friday.

If all goes according to plan, Barrick Gold will have fewer mines and workers one year after acquiring Africa-focused Randgold Resources , the Canadian miner's executive chairman said on Monday, as its investors approved the deal.

India raised gold holdings by 6.53 tonnes to 586.46 tonnes in September 2018, according to IMF data.

Original Article

[contf] [contfnew]

ET Markets

[contfnewc] [contfnewc]

The Editor

Next Post
Economy in crisis or fine fettle? Gargs tweet answers all

Economy in crisis or fine fettle? Gargs tweet answers all

Recommended

Sexy flight attendant travels the world and impresses her 63k followers with exotic snaps

Sexy flight attendant travels the world and impresses her 63k followers with exotic snaps

7 years ago
Brussels vows to push ahead with digital tax plans aimed at tech giants

Brussels vows to push ahead with digital tax plans aimed at tech giants

7 years ago

Popular News

    Connect with us

    About Us

    We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

    Category

    • America
    • Britain
    • Entertainment
    • Europe
    • Health
    • International
    • latest news
    • London
    • Markets
    • Science
    • Tech
    • Travel
    • Uncategorized
    • Women

    Site Links

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    • About
    • Contact

    © 2020 londonernews

    No Result
    View All Result
    • Home
    • Science
    • Travel
    • Tech
    • Health

    © 2020 londonernews