Media ININ Economy We Trust
Media In / Agencies March 21, 2018
Gold prices rose today, as the dollar fell as investors awaited a Federal Reserve meeting this week to find indicators of monetary policy tightening that could limit demand for the metal in the future.
By 0746 GMT, spot gold rose 0.4 percent to $ 1315.84 an ounce. Prices fell to a three-week low of $ 1306.91 an ounce in the previous session. US gold futures for April delivery rose 0.27 percent to $ 1315.40 an ounce.
The dollar index, which measures the strength of the greenback versus a basket of major currencies, fell 0.2 percent to 90.195 after jumping to 90.445 on Tuesday, its highest level since March 1. Spot silver rose 0.5 percent to $ 16.27 an ounce. Platinum also rose 0.5 percent to $ 944.90 an ounce, and palladium rose 0.2 percent to $ 980.50 an ounce.
