Dollar still sinking, Gold trading higher

London (May 16)  Precious metals traded in the green on Tuesday with gold ticking higher for the fourth consecutive session as the geopolitical and economic worries continued to shake investors’ confidence.

Market watchers traded cautiously amid rising tensions with North Korea, following the country’s recent nuclear test launch. Meanwhile, traders grew more skeptical regarding US President Donald Trump’s reforms implementation, driving the dollar to the lowest value in six months.

Spot gold gained 0.30%, changing hands for $1,234.01 per ounce at 1:05 pm GMT. Silver was also higher, adding 0.47% to trade for $16.71 per ounce at the same time. In the meantime, platinum rose 0.59% to change hands for $935.50 per ounce at 1:06 pm GMT while palladium increased 1.51%, trading for $809 per ounce at the same time.

The US dollar lost 0.76% against the euro to trade for 0.9043 at 1:07 pm GMT.

Source: RetailCrowd