Gold steady on weak dollar; trade optimism lifts risk mood

Tuesday, 5 November 2019 00:00 - - {{hitsCtrl.values.hits}}

Reuters: Gold prices were steady on Monday as the dollar eased on soft manufacturing survey, while signs of a US-China trade deal stoked risk appetite, capping gains for the safe-haven bullion.

Spot gold was steady at $1,513.19 per ounce, as of 0747 GMT, after dipping 0.2% earlier in the session, while U.S. gold futures were up 0.3% at $1,515.30 per ounce.

Spot gold may test a resistance at $1,519 per ounce, a break above which could lead to a gain to $1,534.

“As long as gold holds the $1,500 level, markets will be positive,” Hareesh added.

Among other metals, silver rose 0.4% to $18.16 per ounce, platinum was up 0.9% at $954.93 per ounce, while palladium advanced 0.8% to $1,819.13.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.