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Gold looks to extend recovery as stocks, dollar retreat
Tuesday, 13 February 2018 21:21 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures tried for back-to-back gains as the dollar and stocks weakened Tuesday, with the metal taking back a sliver of the more than 1.6% erased last week in its worst performance in two months.

April gold rose $4.50, or 0.3%, to $1,330.90 an ounce. The gold-backed exchange-traded fund SPDR Gold Shares climbed by 0.6% premarket, while the VanEck Vectors Gold Miners ETF was also firmer.

Demand for gold tagged along with buying of the haven Japanese yen and Swiss franc, said Marios Hadjikyriacos, currencies and commodities analyst at brokerage XM.

Source : Market Watch

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