Gold firm as global geopolitical worries continue
Precious metals traded mostly in the green on Thursday with gold slightly in the red yet stable as investors continued to worry about the global geopolitical risks with North Korea and French election in focus. Instability across the globe turned investment incentives towards more safe-haven commodities such as gold, maintaining the price of the yellow metal relatively stable while the greenback lost in value.
Spot gold shed 0.17%, changing hands for $1,277.66 per ounce at 12:19 pm CET. Silver edged higher, adding 0.07% to trade for $18.17 per ounce at 12:20 pm CET. In the meantime, platinum gained 0.21%, trading for $969 per ounce at 12:19 pm CET while palladium rose 1.16% at $787.50 per ounce at the same time.
US dollar declined 0.41% against the euro to trade for 0.9298 at 12:22 pm CET.