You now have access to the new London South East Beta Website, Click Here

Email Facebook Twitter

Tower Resources keep all options open including Njonji farm-in deal
Tech company Mporium delivers an outstanding set of Q1 results says CEO De Groot

Alliance News

Gold Prices Decline As Dollar Stays Firm

Mon, 11th Feb 2019 11:41

WASHINGTON (Alliance News) - Gold prices are lower Monday morning as the dollar is gaining ground against most major currencies amid lingering concerns about global economic growth.

Weak GDP data from the UK sent the Pound Sterling tumbling against the greenback and the Euro this morning.

The yellow metal and the dollar have been taking turns as the safe haven options of investors as equities keep falling now and then amidst rising concerns about the global economy.

The Dollar Index is currently up 0.13% at 96.77, after advancing to a high of 96.87 earlier.

Gold futures for April are declining USD7.70, or 0.58%, at 1,310.80 an ounce.

On Friday, gold futures for April ended up USD4.30, or 0.3%, at USD1,318.50 an ounce.

Silver futures for March are down USD0.89, or 0.56%, at 15.720 an ounce, while Copper futures for March are lower by USD0.0155, or 0.55%, at USD2.7950 per pound.

The US dollar is higher against major rivals as traders, treading cautiously, look ahead to ahead to the next round of US-China trade talks in Beijing.

The preliminary level discussions have begun in Beijing today. Later in the week, US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer will head high-level trade talks in Beijing.

Investors are also closely following the developments on Brexit.

Copyright RTT News/dpa-AFX

Alliance News

Back to Alliance News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.