Gold News

Holding above $900 an ounce as a weaker U.S. dollar and firm oil prices lured investors back into the metal

Gold trading above $900 an ounce as the Dollar weakens

holding above $900 an ounce as a weaker U.S. dollar and firm oil prices lured investors back into the metal

Gold rose further on Tuesday, holding above $900 an ounce as a weaker U.S. dollar and firm oil prices lured investors back into the metal, although an increase in risk appetite and technical barriers could cap gains. Bullion jumped almost 2 percent on Monday in a rally also driven by demand from jewellers in main consumer India and pent-up buying ahead of closely watched results of stress tests on U.S. banks. Gold is trading at $903 as of 9:25am, London Time. Gold’s Pool-Position is 14% Long, meaning that most Finotec clients are selling the precious metal.