Gold price set for best quarter in a year amid political uncertainties

April 1, 2017

New York (Apr 1)  In Friday’s trading session, Gold was on track for a 8.2% quarterly rise amid uncertainties of U.S. President, Donald Trump's tax & investment plans, and a streak of events led to the rise in demand for gold as a safe haven.

Gold ingots In Friday’s trading session, Gold was on track for a 8.2% quarterly rise amid uncertainties of U.S. President, Donald Trump's tax & investment plans, and a streak of events led to the rise in demand for gold as a safe haven.

 

 Spot Gold was up by 0.56% at $1249.89 per ounce. U.S. gold futures for the month of April surged $2.30 to end at $1247.30.

 

 Gold futures for June delivery gained $3.20 to settle at $1251.20.

 

 The dollar is on course for the best week this fiscal, aided by better than expected U.S. economic growth data and comments by NY Fed Reserve that strengthened expectations of U.S. interest hikes this year.

Spot silver was up by 0.72% at $18.21 per ounce; Platinum was 0.50% higher at $947.75 per ounce.

 

 Palladium gained 0.50% at $798 per ounce.

Source: HFL

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