Gold posted gains of about 8.4% By the end of Friday in the best quarterly performance in a foggy middle of US President Donald Trump’s tax and investment plans and a series of elections in Europe, boosting demand for the precious metal as a safe haven.<\/p>\n
Gold recovered from earlier losses as the dollar stabilized after comments in favor of keeping monetary policy unchanged from a Federal Reserve official and discouraging data on the US economy.<\/p>\n
By 1948 GMT, gold was up 0.4% on spot trade to $ 1247.4 an ounce, while in US futures it rose 0.2% to $ 1247.30 an ounce.<\/p>\n
Earlier in the session, gold fell the most in more than three weeks.<\/p>\n
The dollar index, which tracks the performance of the greenback against a basket of six major currencies, was little changed from Thursday’s highs, but it hit its best weekly performance since mid-February, supported by gains made earlier in the week.<\/p>\n
The rise in the dollar increases the cost of gold to holders of other currencies, while higher interest rates lead to higher bond yields, limiting the demand for non-yielding gold.<\/p>\n
Among other precious metals, spot silver rose 0.7% to $ 18.21 an ounce, with quarterly gains reaching 14.2%.<\/p>\n
Platinum rose 0.6 percent to $ 948.60 an ounce and gained about 5 percent this quarter.<\/p>\n
Palladium rose 0.2% to $ 795.5 an ounce and gained 17.3% in the first quarter of this year.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold posted gains of about 8.4% By the end of Friday in the best quarterly performance in a foggy middle of US President Donald Trump’s tax and investment plans and a series of elections in Europe, boosting demand for the precious metal as a safe haven. Gold recovered from earlier losses as the dollar stabilized […]<\/p>\n","protected":false},"author":3,"featured_media":436958,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-437163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news"],"_links":{"self":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/437163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/comments?post=437163"}],"version-history":[{"count":0,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/437163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media\/436958"}],"wp:attachment":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media?parent=437163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/categories?post=437163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/tags?post=437163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}