MUMBAI/BENGALURU A rally in domestic prices curtailed physical gold demand in India and Japan, with interest in the precious metal lacklustre in other Asian centres as markets gradually return from the Lunar New Year holidays.
Rice export prices fell in top Asian hubs this week on slow demand and rising supply following a quiet start to the year, while limited interest from the Philippines failed to spur a Vietnamese market reeling from Chinese import restrictions.
Feb 13 Gold was little changed on Wednesday,
holding above the $1,300 level as the dollar retreated from a
two-month peak on hopes of a U.S.-China trade deal, while rising
global equities kept the metal's gains in check.
Feb 12 Gold rose on Tuesday, supported by a
slight pause in the dollar's rally as the United States and
China continue talks aimed at ending their trade conflict.
Gold prices fell on Monday as investors preferred the safety of the dollar in the face of mounting concerns that the U.S.-China trade dispute could slow global growth.
* SPDR Gold holdings fall for second session
(Updates prices, adds comment)
BENGALURU, Jan 11 Gold edged higher on Friday
and was on track for its fourth successive weekly gain, as U.S.
stocks slipped and expectations rose that the U.S. Federal
Reserve might halt its monetary policy tightening cycle.
Jan 8 Gold slipped on Tuesday as the dollar rose
and prospects of a U.S.-China trade deal increased investors’
appetite for riskier assets such as stocks, while palladium
notched a fresh all-time high on tight supply.
BENGALURU Gold rose on Monday, just below a more than six-month peak hit in the last session, as the dollar slid on reduced chances of further rate hikes by the U.S. Federal Reserve, and as the United States and China resumed trade talks.
BENGALURU Gold fell on Friday, pulling back from a more than six-month peak hit earlier in the session, as robust U.S. jobs data eased some concerns about an ailing economy, while palladium prices punched through the key $1,300 level for the first time.