Gold slips amid rising equities as Middle East tensions fade
The metal was down 0.2% so far this week, its worst since week ended December 6 US gold futures eased 0.3% to $1,549.20. Meanwhile, global stocks rallied to hit record highs after comments from US President Donald Trump and Iran pointed to de-escalation in military tensions, even as the US increased sanctions on Iran.
Jan 10, 2020, 16:50 PM IST
Gold slips from near seven-year high amid US-Iran tensions
Deficit-hit palladium meanwhile hit another record peak on the back of prolonged supply constraints in the market. Spot gold was down 0.1% at $1,564.31 per ounce as of 1257 GMT, having fallen as much as 0.7% earlier in the session. It touched its highest since April 2013 at $1,582.59 on Monday. US gold futures were 0.2% lower at $1,566.00.
Jan 07, 2020, 20:04 PM IST
