Gold held gains after
rebounding from the lowest level in a month as falling retail sales in
the U.S. cast doubt on the pace of growth in the world™s largest
economy, boosting demand for a haven. Silver advanced.
Bullion for immediate
delivery traded at $1,224.34 an ounce at 8:53 a.m. in Singapore from
$1,221.98 on Thursday, when it rebounded from $1,215.30, the lowest
level since Jan. 9, according to Bloomberg generic pricing. The metal is
still set for a third week of losses, the longest streak since
September.
Gold added 3.4 percent
this year as the Greek debt crisis and more stimulus in Europe and Asia
offset the impact of a stronger dollar and prospects for higher U.S.
rates. Talks between Greek negotiators and euro-area officials will
resume in Brussels on Friday after ministers failed on Thursday to
hammer out terms for an extension of the country™s bailout agreement.
While the dollar fell by the most in nearly five months after the retail
sales figures, it™s still near a 10-year high.
The Bloomberg Dollar
Spot Index was at 1,163.66 from 1,163.11 on Thursday, when it fell 1
percent. The index closed at 1,174.87 on Wednesday, highest since at
least December 2004. Lower fuel prices and higher wages failed to spur
an uptick in U.S. retail sales, which fell for a second month in
January.
Gold for April
delivery increased 0.3 percent to $1,224.40 an ounce on the Comex in New
York. Silver for immediate delivery gained 0.3 percent to $16.9097 an
ounce, heading for a weekly climb. Spot platinum was 0.4 percent higher
at $1,203.13 an ounce. Palladium added 0.2 percent to $776.06 an ounce.
Source : Bloomberg
0 komentar :
Post a Comment