Gold prices rise, North Korea tensions support
08:18 AM IST
Gold prices crept up early on Tuesday after falling more than 1 percent in the previous session, with U.S. President Donald Trump`s move to put North Korea back on a list of state sponsors of terrorism burnishing the metal`s safe-haven appeal. FUNDAMENTALS
Spot gold
U.S. gold futures
Trump put North Korea back on a list of state sponsors of terrorism on Monday, a designation that allows the United States to impose more sanctions and risks inflaming tensions over Pyongyang`s nuclear weapons and missile programmes.
The dollar gave back some of its gains in Asian trading on Tuesday, but remained not far from a one-week high against a basket of currencies as German political uncertainty continued to pressure the euro. [USD/]
Federal Reserve Chair Janet Yellen said on Monday she would resign her seat on the Fed`s Board of Governors once Jerome Powell is confirmed and sworn in to replace her as head of the U.S. central bank.
Chancellor Angela Merkel said she would prefer a new election to ruling with a minority after talks on forming a three-way coalition failed overnight, but Germany`s president told parties they owed it to voters to try to form a government.
Russia`s VTB Capital, one of Russia`s biggest gold traders, aims to more than double sales of the precious metal to China next year, its global commodities chief said, after import curbs forced it to cut its target for this year.
Russia`s gold reserves stood at 57.9 million troy ounces as of the start of November, the central bank said on Monday.
Russia`s Norilsk Nickel
U.S. Treasury yields rose on Monday as investors awaited minutes on Wednesday from the Fed`s last meeting, with no major economic releases due this week and trading expected to be subdued before the Thanksgiving holiday on Thursday.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
Rs 9,00,000 One-time Investment in Mutual Funds: How many years will it take to create a Rs 1,00,00,000, Rs 3,00,00,000 and Rs 8,00,00,000 corpuses? Check calculations
)
UPS vs NPS Rs 16 cr Corpus Calculations: Age 26, basic pay Rs 40,000? Which scheme can give you Rs 16 cr retirement fund, Rs 2.50 lakh+ pension at 60
)
8th Pay Commission DA Calculations: How 2.57 fitment factor may impact Level 3-13 central govt employees' basic pay, dearness allowance
)
450-day BOI vs 444-day BoB Special FD Rates: Know what senior citizens and others can get on Rs 10,00,000, Rs 20,00,000, and Rs 30,00,000 deposits
)
444-Day Special FDs: SBI, BoB, IOB & Indian Bank—Which fixed deposit scheme offers highest return on your Rs 6.25 lakh or Rs 7.25 lakh investment
)
Top 5 Smallcap Mutual Funds with Highest SIP Returns: Rs 15,000 monthly investment in No. 1 fund has grown to Rs 20.17 lakh in just 5 years
)
8th Pay Commission Indian Army Salary Hike Projections: Sepoy to Subedar Major to Brigadier revised basic pay estimates vs 7th CPC
)
8th Pay Commission vs 7th CPC: IAS, IPS, IFS, IRS projected salary hike calculations at 2.08 and 2.57 fitment factors; see estimates
08:18 AM IST