Gold slips but holds above $4,900

09:51 AM (Mecca time) Argaam
April gold futures fell 0.85% to $4,907.5 an ounce

April gold futures fell 0.85% to $4,907.5 an ounce

Gold futures edged lower on Thursday amid signs of easing geopolitical tensions, as investors awaited interest rate decisions later in the day from the European Central Bank and the Bank of England.

 

April gold futures fell 0.85%, or $43.3, to $4,907.5 an ounce.

 

Spot gold slipped nearly 1% to trade at $4,913.52 an ounce, while spot platinum dropped 5.95% to $2,103 an ounce and spot palladium fell 2.7% to $1,720.94.

 

The US dollar index, which tracks the greenback against a basket of six major currencies, rose 0.15% to 97.79 by 0901 a.m. Mecca time.

 

Iran and the United States agreed to hold talks in Oman on Friday. Meanwhile, US President Donald Trump said on Wednesday, following what he described as a “very positive” meeting with Chinese President Xi Jinping, that China was considering buying more US soybeans.

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