Gold prices eased on Thursday as investors locked in profits before this week's U.S. non-farm payrolls data and as a rally in stock markets briefly halted the metal's recent strong run.
July 1 Gold prices fell as much as 2% on Monday
as the dollar rallied after the United States and China agreed
to restart trade talks, boosting investor appetite for riskier
assets and taking the fizz out of the precious metal's recent
* Palladium set for best month in 2-1/2 years
* Markets cut bets for half-point Fed rate cut in July
(Adds quote, updates prices)
June 26 Gold prices fell more than 1% on
Wednesday, retreating from a six-year peak scaled in the
previous session, on signs the U.S. Federal Reserve will not
resort to a big interest rate cut in July.
* Palladium off three-month highs hit early in the session
Gold scaled a six-year peak on Tuesday as a weaker dollar, prospects of monetary easing by the U.S. Federal Reserve and simmering U.S.-Iran tensions continued to stoke bullish sentiment in the market.
Gold climbed on Monday towards the near six-year high reached in the previous session, driven by dovish signals from global central banks and increased tensions between the United States and Iran.
MUMBAI/BENGALURU Physical gold discounts in India widened to their highest in almost three years this week as local prices surged to record peaks, while Asian hubs, barring China, saw aggressive selling from customers as global bullion rates scaled a 6-year peak.
June 19 Gold prices fell on Wednesday as fresh
optimism that the U.S.-China trade dispute could soon end lifted
equity markets, pressuring bullion ahead of a U.S. Federal
Reserve policy decision later in the day.