Gold fails to make much headway as dollar stays firm
Gold drifted between small gains and small losses gain on Thursday, with its relationship to the thriving dollar continuing to keep any upside moves in check.
Gold for December delivery GCZ4, -0.60% rose $2.40 to settle at $1,161.50 an ounce. December silver SIZ4, -2.21% was flat at $15.62 an ounce.
A day earlier, gold tripped to a lower close, giving up any sort of momentum gold bugs had hoped it might have gained from a rally in the prior session.
Gold for December delivery GCZ4, -0.60% rose $2.40 to settle at $1,161.50 an ounce. December silver SIZ4, -2.21% was flat at $15.62 an ounce.
A day earlier, gold tripped to a lower close, giving up any sort of momentum gold bugs had hoped it might have gained from a rally in the prior session.
Asian Market Update
Asian markets mostly slipped Friday on profit-taking after a healthy run-up this month, while another record close for the Dow on Wall Street helped limit losses.
The generally upbeat outlook provided support to the dollar, which hit fresh seven-year highs above 116 yen, while attention will turn to this weekend's G20 summit and the release Monday of Japanese growth data.
Tokyo dipped 0.36 per cent by the break, Hong Kong was flat, Shanghai shed 0.21 per cent and Seoul was 0.77 per cent lower, while Sydney edged up 0.20 per cent.
The generally upbeat outlook provided support to the dollar, which hit fresh seven-year highs above 116 yen, while attention will turn to this weekend's G20 summit and the release Monday of Japanese growth data.
Tokyo dipped 0.36 per cent by the break, Hong Kong was flat, Shanghai shed 0.21 per cent and Seoul was 0.77 per cent lower, while Sydney edged up 0.20 per cent.
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