Gold
held the biggest drop in two weeks as the dollar traded at a
decade-high and U.S. equities advanced to records, cutting demand for a
protection of wealth. Palladium retreated from the highest level since
September.
Bullion
for immediate delivery was at $1,208.05 an ounce at 8:28 a.m. in
Singapore from $1,206.83 on Monday, when the price lost 0.5 percent,
according to Bloomberg generic pricing. The metal is 2 percent higher
this year.
The
Bloomberg Dollar Spot Index rose to its highest level in more than 10
years on Tuesday after a measure of U.S. consumer purchases increased in
January, a sign the plunge in gasoline is helping boost the biggest
part of the U.S. economy. The Nasdaq Composite Index closed above 5,000
for the first time in 15 years on Monday, while the Dow Jones Industrial
Average and Standard & Poor’s 500 Index reached records.
Gold
for April delivery lost 0.1 percent at $1,207.40 on the Comex. Silver
for immediate delivery was 0.3 percent higher at $16.439 an ounce after
dropping 1.2 percent on Monday, while spot platinum slid 0.3 percent to
$1,187 an ounce.
Palladium
dropped 0.2 percent to $828.22 an ounce. The price advanced on Monday
to $833.30, the highest level since Sept. 18, as it gained for a sixth
straight day.
Source: Bloomberg
0 komentar :
Post a Comment