SINGAPORE: Gold bounced on Tuesday, June 29 after a volatile session the previous day, when it nearly touched last week's all-time high before a firmer US dollar triggered heavy selling from speculators.
Spot gold rose US$3.60 to US$1,239.65 (RM4,004.07) an ounce, having'' risen as high as US$1,262.45 an ounce on Monday, just below a record around US$1,264, before losing much of the gain to a bout of profit taking.
US gold futures for August delivery added US$3.10 an ounce to US$1,241.7 an ounce, having hit a high around US$1,263 on Monday.
The world's largest gold-backed exchange-traded fund, SPDR Gold Trust said its holdings were unchanged at a record high at 1,316.177 tonnes.
The euro was under pressure on Tuesday and dangerously close to a key support level, as funding concerns about the eurozone drove investors to the safe-haven Swiss franc.
The Nikkei rose 0.3% on Tuesday after posting a two-week closing low the previous day, shrugging off declines in US stocks.
Commodities fell broadly on Monday, with oil down as the market grew less worried that a storm in the US Gulf would threaten oil and gas installations while metals slid on caution about an impending US jobs report. ' Reuters
Spot gold rose US$3.60 to US$1,239.65 (RM4,004.07) an ounce, having'' risen as high as US$1,262.45 an ounce on Monday, just below a record around US$1,264, before losing much of the gain to a bout of profit taking.
US gold futures for August delivery added US$3.10 an ounce to US$1,241.7 an ounce, having hit a high around US$1,263 on Monday.
The world's largest gold-backed exchange-traded fund, SPDR Gold Trust said its holdings were unchanged at a record high at 1,316.177 tonnes.
The euro was under pressure on Tuesday and dangerously close to a key support level, as funding concerns about the eurozone drove investors to the safe-haven Swiss franc.
The Nikkei rose 0.3% on Tuesday after posting a two-week closing low the previous day, shrugging off declines in US stocks.
Commodities fell broadly on Monday, with oil down as the market grew less worried that a storm in the US Gulf would threaten oil and gas installations while metals slid on caution about an impending US jobs report. ' Reuters
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