ZEE Business
ZEE BUSINESS
Live TV
Live TV
  • India
    • Economy
    • Politics
    • Markets
  • World
    • Economy
    • Politics
    • Markets
  • Companies
    • Auto
    • Banking & Financial Services
    • Pharma
    • Energy
    • Infrastructure
    • Media
    • IT
    • Telecom
    • Consumer Products
    • Aviation
    • FMCG
  • Market
    • Mutual Funds
    • Commodity
  • Personal Finance
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
  • Technology
  • Automobile
    • Cars
    • Bikes
  • Small Business
    • SME
    • Startups
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
    • AUTHORS
Home » World News

Gold gains as stocks fall after report of Trump probe

  • Twitter
  • Facebook
  • GPlus
Gold gains as stocks fall after report of Trump probe
Gold bars and granules are pictured at the Austrian Gold and Silver Separating Plant ''Oegussa'' in Vienna. Pic: Reuters
By Reuters
Updated: Thu, Jun 15, 2017
08:40 am
Bengaluru, Reuters
RELATED NEWS
Gold price in India today: 24 karat reaches over Rs 33,000-mark; 22 karat tumbles Gold price in India today: 24 karat reaches over Rs 33,000-mark; 22 karat tumbles
Gold price in India today: 24 karat, 22 karat rise; silver tumbles Gold price in India today: 24 karat, 22 karat rise; silver tumbles
Gold price in India today: 24 karat rises, 22 karat subdued; silver rate jumps over Rs 43,000-mark Gold price in India today: 24 karat rises, 22 karat subdued; silver rate jumps over Rs 43,000-mark
Gold price in India today: 24 karat, 22 karat rise on Akshaya Tritiya celebration Gold price in India today: 24 karat, 22 karat rise on Akshaya Tritiya celebration
Akshaya Tritiya 2018: Buying gold? You should know this before making purchase Akshaya Tritiya 2018: Buying gold? You should know this before making purchase

Gold edged up early on Thursday from a near three-week low hit in the previous session, as Asian stocks fell on a report that U.S. President Donald Trump is being investigated for possible obstruction of justice.

FUNDAMENTALS

* Spot gold rose 0.2 % to $1,263.70 per ounce by 0107 GMT.

* U.S. gold futures for August delivery fell 0.8 % to $1,265.90 per ounce.

* Spot gold hit a session low of $1,256.65 on Wednesday, its weakest since May 26 after the U.S. Federal Reserve raised interest rates for the second time in three months.

* U.S. stock futures dipped and Asian shares were on the defensive on Thursday with MSCI`s broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> dipping 0.3 %. [MKTS/GLOB]

* Trump is being investigated by special counsel Robert Mueller for possible obstruction of justice, the Washington Post reported on Wednesday, citing unidentified officials.   

    * The Fed raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signalling its confidence in a growing U.S. economy and strengthening job market.

    * However, U.S. consumer prices unexpectedly fell in May and retail sales recorded their biggest drop in 16 months, suggesting a softening in domestic demand that could limit the Fed`s ability to continue raising interest rates this year.

* Wall Street`s top banks brought forward their expectations for when they think the Fed will begin reducing its $4.5 trillion bond portfolio to as early September, and see balance sheet reduction as more of a priority than another interest rate rise, a Reuters poll showed.

    * British Prime Minister Theresa May edged closer to clinching a deal to stay in power with the support of Northern Irish kingmakers on Wednesday, but faced a battle over Brexit just days before divorce talks are due to begin.

    * CME raised palladium futures NYMEX (PA) initial margins for speculators by 12.5 % to $4,950 per contract from $4,400, effective after close of business on Thursday.

    * Holdings in SPDR Gold Trust , the world`s largest gold-backed exchange-traded fund, fell 1.40 % to 854.87 tonnes on Wednesday. =>
 

TAGS:
goldgold pricesBullionSilverEconomyGlobal EconomyUSAThe USSpot GoldUS gold futures
Next Article

NEXT STORY: Modi's new India vision to help US job creation, says Trump's press secretary Sean Spicer

RELATED NEWS
Gold price in India today: 24 karat reaches over Rs 33,000-mark; 22 karat tumbles Gold price in India today: 24 karat reaches over Rs 33,000-mark; 22 karat tumbles
Gold price in India today: 24 karat, 22 karat rise; silver tumbles Gold price in India today: 24 karat, 22 karat rise; silver tumbles
Gold price in India today: 24 karat rises, 22 karat subdued; silver rate jumps over Rs 43,000-mark Gold price in India today: 24 karat rises, 22 karat subdued; silver rate jumps over Rs 43,000-mark
Gold price in India today: 24 karat, 22 karat rise on Akshaya Tritiya celebration Gold price in India today: 24 karat, 22 karat rise on Akshaya Tritiya celebration
Akshaya Tritiya 2018: Buying gold? You should know this before making purchase Akshaya Tritiya 2018: Buying gold? You should know this before making purchase

LATEST NEWS

316% profit growth in a year! This Rakesh Jhunjhunwala-favoured casino play soars; should you buy?

Big worry for Reliance Infrastructure as Mumbai Metro, Reliance Naval net worth erodes

Petrol price in Delhi, Mumbai, Chennai, other cities today; no relief for drivers

Income Tax Returns filing: What happens when you file wrong ITR?

On Indian Railways saloon coach, get set for stunning visuals; check it out!

RBI interest rate hike would impact growth; rate sensitive sectors not doing well

One big reason why strong rally expected on TCS, Infosys, other IT stocks

Vivo Y53i launched in India; Know price, specification, features here

Karnataka assembly elections 2018: BJP to fly in Narendra Modi for campaign

How to make money in the stock market over next 12 months: HDFC Bank, Ashok Leyland among 5 stocks to buy

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Contact Us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • Amazon Prime Day
  • Income Tax
  • Bharti Airtel
  • NPA
  • Home Loan

Trending Topics

  • Farm Loans
  • 7th Pay Commission
  • Sanitary Pads
  • National Stock Exchange
  • GST

Follow us on

zeebiz
zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved