spot gold prices rose marginally by 0.17 percent to close at $1223.4 per ounce after a report said the United States and China were trying to restart negotiations to defuse a trade war.
The World Gold Council expects an increase of demand on the yellow metal in the second half of 2018 as inflation rises and the global trade war gears up and hurts currencie
The World Gold Council reported a 7% drop in global demand in the first quarter of 2018 to 973.5 tonnes the lowest since the first quarter of 2008 as investments fell 27% on the precious metal to 287 tones from 383 tones in the first quarter of 2017.
The World Gold Council reported a 7% drop in global demand in the first quarter of 2018 to 973.5 tonnes the lowest since the first quarter of 2008 as investments fell 27%
BULLION
Spot gold prices traded higher marginally to close at $ 1257.3 per ounce as weakness in the DX coupled with ongoing trade tensions pushed the yellow metal to one week high
Battling between the bullish and bearish macros, gold prices failed to win hearts of investors offering a negative return of around 5 percent for 2018.
Last week, the benchmark Nifty index traded negative for the most part of the week due to pressure from the global equity market coupled with the weak Indian Rupee against the U.S
Gold holdings at SPDR Gold Trust the world's largest goldbacked investment fund steadied at 856.17 tonnes on Thursday with no change the lowest since April 5, after rising 3%, or 23.63 tonnes