Gold prices drop, U.S dollar rebounds
Gold prices drifted lower as the greenback gained some strength at Asia's trading session.
Gold prices drifted lower as the greenback gained some strength at Asia's trading session.
The price plunge is coming on sentiments that there was little or no exclusive feature seen on the new iPhone ...
Brent oil futures prices lost 0.2 to trade at $42.35 and West Texas Intermediate (WTI ) fell 0.27% to trade ...
A rapid rise in U.S tech stocks saw the precious metal losing its shine.
Market analysts are slightly pessimistic about the coming week in the Nigerian bourse.
Trading activity in the currency market has been feeble overall, due to a holiday in the U.S.
Spot gold, known for tracking bullion prices in bullion, gained 1.8% to settle at $1,928.31.
Anticipation of further stimulus measures to support the U.S. economic recovery has set the greenback into retreat mode.
Precious metal futures gained over 1% to trade at $1917/ounce surging above the $1.900-mark.
Gold futures prices edged down 0.17% at $1,887/ounce at the time this report was drafted.
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