• MTS Gold Morning News 20170516

    16 May 2017 | Gold News

• Gold rose as U.S. political turmoil, a missile test by North Korea and a worldwide cyber attack fuelled demand for safe-haven assets, while weaker-than-expected U.S. data pushed the dollar lower, making gold cheaper for holders of other currencies.

Spot gold was up 0.2 per cent at $US1,230.15 an ounce by 0411 AEST (1811 GMT), on track for a third day of gains after hitting an eight-week low of $US1,213.81 last week.

U.S. gold futures settled up 0.2 per cent at $US1,230.


• "Unless there is more stronger data, more than two rate hikes are not very likely (this year)," said Argonaut Securities analyst Helen Lau.

Reference: Reuters
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