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FOREX-Dollar rises as investors shy away from risk
Published at 25/01/2021 at 17:28 -
FOREX-Dollar steadies; euro hurt by vaccine delays and German business morale slump
Published at 25/01/2021 at 12:27 -
FOREX-Dollar index resumes its decline as global markets turn hopeful again
Published at 25/01/2021 at 08:51 -
FOREX-Dollar pauses its decline on fresh virus worries
Published at 25/01/2021 at 04:13 -
FOREX-Dollar firm as economic, pandemic gloom damp risk appetite
Published at 25/01/2021 at 01:30 -
FOREX-Dollar gains after three-day fall as risk rally takes a breather
Published at 22/01/2021 at 20:38 -
FOREX-Dollar edges up after 3-day losing streak as risk rally pauses
Published at 22/01/2021 at 16:17 -
FOREX-Dollar inches up after three-day losing streak; risk currencies fall
Published at 22/01/2021 at 12:44 -
FOREX-Dollar stabilises after three-day decline; PMIs in focus
Published at 22/01/2021 at 09:03 -
FOREX-Dollar nurses weekly loss as bounce fades
Published at 22/01/2021 at 06:09
Market News
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Oil prices steady as lockdowns curb U.S. stimulus optimism
Published at 25/01/2021 at 16:38 -
PRECIOUS-Gold pares gains as the dollar edges higher
Published at 25/01/2021 at 16:15 -
PRECIOUS-Gold firms as dollar, yields ease; Biden stimulus plan in focus
Published at 25/01/2021 at 12:26 -
PRECIOUS-Gold eases on doubts over U.S. stimulus passage
Published at 25/01/2021 at 08:40 -
Oil prices fall for 2nd session as COVID-19 lockdown concerns cast pall over demand prospects
Published at 25/01/2021 at 02:31 -
PRECIOUS-Gold rises as U.S. stimulus hopes bolster appeal
Published at 25/01/2021 at 01:05 -
Oil falls on China's COVID-19 cases, high crude build
Published at 22/01/2021 at 22:44 -
PRECIOUS-Gold falls more than 1% on firm dollar but on course for weekly gain
Published at 22/01/2021 at 19:10 -
REFILE-UPDATE 6-Oil falls as China COVID-19 cases trigger clampdowns
Published at 22/01/2021 at 16:43 -
PRECIOUS-Gold slips as dollar firms but still set for first weekly gain in three
Published at 22/01/2021 at 13:12
PRECIOUS-Gold rises as dollar, U.S. Treasury yields slip
Published at
12/01/2021 at 19:21
* Biden to deliver a plan costing 'trillions' of dollars
* Dollar slips from three-week peak
* Interactive graphic tracking global spread of coronavirus:
(Recasts, adds comment, updates prices)
By Shreyansi Singh
Jan 12 (Reuters) - Gold prices edged higher in a choppy trading on Tuesday as the U.S. dollar and Treasury yields eased, while prospects of higher inflation driven by more U.S. fiscal stimulus provided further support to the metal.
Spot gold was up 0.2% at $1,848.31 per ounce by 02:04 p.m. EST (1904 GMT). On Monday, prices touched their lowest level since Dec. 2.
U.S. gold futures settled 0.4% lower at $1,844.20.
"Investors' willingness to buy U.S. debt boosted confidence in U.S. assets as stocks rallied and the dollar slipped, both of which helped gold rally a bit," said Tai Wong, head of base and precious metals derivatives trading at BMO.
The dollar index slipped 0.3% against its rivals, while 10-year U.S. treasury yields fell to a session low of 1.146% after a strong 10-year auction.
"There's going to be a big stimulus package that should be supportive for the gold market, it can not only stimulate demand but also prompt ideas of some problematic price inflation," said Kitco Metals senior analyst Jim Wyckoff.
U.S. President-elect Joe Biden said Americans needed more economic relief from the COVID-19 pandemic and that he would deliver a plan costing "trillions" of dollars.
Gold is generally considered a hedge against the inflation and currency debasement that can result from widespread stimulus. However, higher bond yields have challenged that status recently as they increase the opportunity cost of holding non-yielding bullion.
While gold was still vulnerable in the short term to gains in the dollar and yields, "the macro picture is still positive for gold," said Nicholas Frappell, global general manager at ABC Bullion.
Silver gained 2.3% to $25.49 an ounce. Platinum
climbed 3.3% to $1,065.42 and palladium rose 0.4% to $2,381.18.
(Reporting by Shreyansi Singh, Brijesh Patel and Sumita Layek in Bengaluru; Editing by Dan Grebler and Mark Potter)
((Shreyansi.Singh@thomsonreuters.com; +91 8061823666/3590 (If within U.S. call +1 646 223 8780); Reuters Messaging: Shreyansi.Singh@thomsonreuters.com))