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Gold inches higher as dollar dips amid risk aversion


Thursday, 6 December 2018 09:28 WIB

GOLDEMASEmas berjangkaSpot Gold


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Gold prices edged higher early on Thursday as the dollar eased amid a spike in risk aversion, while palladium further bolstered its premium over the bullion.

Spot gold was up 0.2 percent at $1,240.04 per ounce at 0140 GMT.

U.S. gold futures were up 0.3 percent at $1,245.7 per ounce.

Spot palladium was up 0.2 percent at $1,245.50 per ounce.

Palladium is more valuable than gold for the first time since 2002, with prices soaring by around 50 percent in less than four months to record levels.

The dollar index, which measures the greenback against a basket of six major currencies, was lower about 0.1 percent.

Tariff-driven price increases have spread more broadly through the U.S. economy, though on balance inflation has risen at a modest pace in most parts of the country, the Federal Reserve said on Wednesday in its latest report on the economy.

Source: Reuters


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