Thursday, 30 June 2016

GOLD MARKET NEWS


Gold fell on Thursday after rising as much as 1 % during the previous session, with safe-haven demand easing as the shock of Britain's decision to leave the European Union began to fade. 

 

Asian stock markets rose on Thursday, tracking an overnight rally on Wall Street, while the dollar remained near a 3-1/2 month high against a basket of currencies as global markets regained a semblance of calm. Spot gold had fallen 0.3 percent to USD 1,314.30 an ounce by 0357 GMT. It closed about 0.5-percent higher on Wednesday, rising for three out of four sessions. 

 

US gold was down 0.7%at USD 1,317.40. 

 

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.28 % to 950.05 tonnes on Wednesday, the highest since July 2013. 

 

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