Gold up 2 pct as dlr drops after U
consumer price index, with appetite for bullion as a haven from risk also buoying prices.
Spot gold XAU= was quoted at $837.40/838.80 an ounce at Canada Goose Online 1408 GMT, up from $817.45 late canada goose uk outlet in New York on Thursday. Earlier it touched a cheap Canada Goose session high of $838.30. gold for February delivery GCG9 on the COMEX division of the New York Mercantile Exchange was up $30.20 at $837.50.
fall Canada Goose Outlet in headline CPI was a bit less than the market had priced in, and core CPI was unchanged, so that was supportive of gold, said Dresdner Kleinwort consultant Peter Fertig.
A recovery in the euro and Canada Goose online the equity markets is supporting the precious metal, he added. consumer prices, helping revive appetite for other currencies. currency.
In addition to the weak dollar, interest in bullion as a haven from risk canada goose store is also lifting gold, analysts say.
aversion is high, said Commerzbank analyst linked website https://www.thecanadagooseoutlet.com Canada Goose Outlet Eugen Weinberg. are looking at gold right now as a real hedge against everything, an Canada Goose Parka alternative asset.
Weakness in the banking sector, which saw Bank of America and Citigroup report large fourth quarter losses earlier on Friday, is increasing investor jitters and Canada Goose Coats On Sale further supporting gold, he added.
more problems we see in the banking sector and the financial sector in canada goose clearance general, the more canada goose factory sale attractive gold as a hedge buy canada goose jacket against such risk will be, he said.
GOLD, cheap canada goose uk SILVER ETFs HIT RECORD
Investment demand for physical gold remains strong as turmoil in the financial markets canada goose uk black friday and fears over the outlook for the global economy boost bullion appeal.
The world largest gold backed exchange traded fund, New York SPDR Gold Trust, said its holdings rose to a fresh record on Thursday of 795.25 tonnes. [ID:nSP375149]
Demand for physical gold from ETFs has been a major factor supporting prices in recent years. In December, SPDR canada goose uk shop overtook the Bank of Japan canadian goose jacket as the world seventh largest holder of gold.
The world Canada Goose sale largest silver backed ETF, the iShares Silver Trust, said its holdings climbed 1 percent to a record 7,143.27 tonnes on January 14. [ID:nLG157146]
Strength in demand for silver bullion from ETFs is helping to outweigh falling demand in other areas, analysts said.
an industrial perspective demand is quite weak, but I don think people are focusing on that as much as where the dollar is likely to go, and where gold is likely Canada Goose Jackets to go, said Standard Chartered canada goose coats on sale analyst Daniel Smith.
Spot silver XAG= tracked gold higher to $11.00/11.08 an ounce from $10.58.
Among other precious metals, platinum and palladium were steady, benefiting from gold strength and canada goose clearance sale the dollar buy canada goose jacket cheap weakness but picking up little fresh momentum as traders uk canada goose outlet continue to worry about the outlook for demand.
Spot platinum XPT= uk canada goose edged up to $943.50/953.50 an ounce from $922.50 an ounce in New York late on Thursday, while spot palladium canada goose coats XPD= was at $184/189 an canada goose black friday sale ounce canada goose from $177. (Reporting by Jan Harvey; Editing by Peter Blackburn).
