Gold Price Update

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Gold Price Update

Gold prices rose on Monday, recovering from a sharp decline in the previous session, as investors hoped that a massive economic stimulus would be passed soon in the United States to revive the world's largest economy.To get more news about WikiFX, you can visit wikifx official website.

　　Spot gold rose 0.3% to $1,858.57 per ounce by 0039 GMT, having slipped 0.9% in the previous session. U.S. gold futures were little changed at $1,856.60.

　　Demand for physical gold picked up last week as the approaching Chinese New Year encouraged buyers in China and Singapore.

　　Silver gained 0.9% to $25.61 an ounce, platinum rose 0.6% to $1,105.06, and palladium added 0.1% to $2,355.83.
Gold prices held steady on Wednesday ahead of the U.S. Federal Reserve's monetary policy decision due later in the day and as investors awaited a stimulus package in the world's largest economy.

　　Spot gold was little changed at $1,849.76 per ounce by 0031 GMT. U.S. gold futures eased 0.1% to $1,848.60.

　　Silver was flat at $25.43 an ounce, platinum rose 0.1% to $1,099.68, and palladium gained 0.1% at $2,326.30.