Monday 28 May 2018

Gold Steady After 2 Sessions Of Fall; Strong Dollar Weighs On Market

Gold prices steadied on Tuesday after two straight sessions of fall, but a strong dollar continued to weigh on the market amid renewed hopes of a U.S.- North Korean summit. Gold prices eased from the $1,307.80 level hit on Friday as the dollar strengthened and U.S. President Donald Trump revived hopes of a summit with North Korean leader Kim Jong-un, after pulling out of the meeting last week. Monday, Trump and Japanese Prime Minister Shinzo Abe discussed North Korea by phone and confirmed they would meet before an expected U.S.-North Korea summit. Korean President Moon Jae-in said there could be more impromptu talks and summits with North Korea's Kim Jong Un. Italy's president set the country on a path to fresh elections on Monday, appointing a former International Monetary Fund official as interim prime minister with the task of planning for snap polls and passing the next budget. For Any More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

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