• MTS Gold Morning News 20171109

    9 Nov 2017 | Gold News

  

• Gold held steady early on Thursday after marking a near three-week high in the previous session as the dollar firmed, while palladium remained close to an over16-year peak touched on Wednesday.

Spot gold was nearly unchanged at $1,280.81 per ounce at 0101 GMT. On Wednesday, it rose 0.4 percent and touched its highest since Oct. 20 at $1,287.13 an ounce.

U.S. gold futures for December delivery dipped 0.2 percent to $1,281.40.

• Palladium gained 0.1 percent to $1,014.25 an ounce. It touched its highest since 2001 at $1,019 on Wednesday.

• A Senate tax-cut bill, differing from one in the House of Representatives, was expected to be unveiled on Thursday, complicating a Republican push to overhaul the federal tax code.

• The IMF on Wednesday urged Japan to maintain its massive monetary stimulus to boost consumer prices, a view echoed by a central bank board member, reinforcing expectations policy will remain accommodative.

• India's gold imports in the last quarter of 2017 could drop by a fourth from a year ago due to weak demand during key festivals and as investors seek better returns from riskier assets such as equities, industry officials and analysts said


Reference: Reuters

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