Gold held just below a one-week high on Tuesday as investors bet sluggish US nonfarm payrolls data would deter the Federal Reserve from hiking rates this year, although some cautioned that profit taking could hurt the metal in the near term.
Spot gold was little changed at $1,136 an ounce by 0337 GMT (7.37am UAE time). Prices had risen to $1,141.80 in the previous session, the highest since September 28, before closing down 0.2 per cent.
Gold rates for October 06, 2015
|
Daily |
Morning 9:30am |
Afternoon 2pm |
Evening 5pm |
Late Evening 8pm |
|
TT Bar |
15665 |
15680 | 15760 | |
|
24k |
136.75 | 137.00 | 137.50 | |
|
22k |
130.00 | 130.25 | 130.75 | |
|
21k |
124.75 | 124.75 | 125.50 | |
|
18k |
107.75 | 108.00 | 108.50 |
Asian stocks rose on Tuesday on prospects of a delay in the rate hike. The dollar had a mixed performance against major currencies as the headwind from fading expectations on the Fed’s rate hike was countered by positive risk sentiment.
Among other precious metals, silver dipped slightly to $15.58, but stayed near a three-month high of $15.71 hit on Monday. It has gained nearly 8 per cent in the last two sessions.
Palladium dipped, after hitting its highest since June in the previous session on expectations that demand for gasoline cars, where the metal is used in catalysts, would rise as a result of the Volkswagen diesel engine emissions scandal.
DD/TT RATES AT – 07.40 AM – 06 Oct 2015
DD/TT RATES AT – 03.40 PM – 06 October 2015
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