empty
 
 

2018.02.0702:42:00UTC+00Gold Rallies on Dip-Buying

Gold prices edged up on Wednesday as investors used declines to accrue the precious metal after it fell more than one percent to its lowest in more than three weeks in the prior session.

Spot gold edged up 0.3 percent to $1,328.86 per ounce. Prices declined more than 1 percent to hit its lowest level since January 11 at $1,319.96 on Tuesday. U.S. gold futures for April delivery increased 0.2 percent to $1,331.60 per ounce.

Analysts said the dip-buying is returning at a more aggressive rate as the volatility index declines.

Asian shares attempted to stabilize on Wednesday as a semblance of respite returned to Wall Street where major indices rebounded after days of steep declines.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback