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Gold Resumes Gains as Palladium Steadies Near Record


Wednesday, 10 January 2018 18:42 WIB

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Gold rebounded from earlier losses as the dollar weakened against most major currencies. Palladium traded steady near a record high.

Bullion for immediate delivery rose 0.6% at $1,320.99/oz. Metal earlier fell as much as 0.3%. Price added 1% this month; reached 3-month high last week

Gold's 14-day relative-strength index exceeded 70 recently, a signal to some traders and analysts that the metal may have become overbought.

Palladium weakened 0.2% at $1,099.73/oz, prices reached $1,113.50 on Tuesday, ~1% below 2001ā€™s record. Silver gained 0.6% to $17.075/oz while latinum traded 0.1% lower at $964.71/oz.

Source: Bloomberg


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