BMLpL

Bank of America Corporation Bank of America Corporation Depositary Shares (Each representing a 1/120

22.3200
USD
0.68%
22.3200
USD
0.68%
18.4500 25.9100
52 weeks
52 weeks

Mkt Cap 116.06B

Shares Out 5.20B

Chat
Send me real-time posts from this site at my email

PRECIOUS-Gold prices inch higher as dollar advance pauses

July 7 (Reuters) - Gold prices edged up on Thursday from nine-month lows touched in the previous session, after the dollar paused its rally, alleviating pressure on greenback-priced bullion. FUNDAMENTALS * Spot gold firmed 0.2% to $1,741.87 per ounce by 0100 GMT. U.S. gold futures rose 0.2% to $1,739.80. * The dollar was flat near fresh 20-year highs reached on Wednesday, easing some pressure on gold. [USD/] * Strength in the dollar dragged gold as much as 1.9% lower in the previous session to its lowest level since Sept. 30 at $1,731.00. * Wall Street ticked upward while oil continued to slide on Wednesday as investors juggled concerns over inflation versus a recession after Federal Reserve minutes showed officials rallied around a large rate hike at their June meeting. [MKTS/GLOB] * A deteriorating inflation situation and concern about lost faith in the Federal Reserve's power to make it better prompted U.S. central bank officials to rally around an outsized interest rate increase and a firm restatement of their intent to get prices under control, minutes of the June 14-15 policy meeting showed. * The head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had "darkened significantly" since April and she could not rule out a possible global recession next year given the elevated risks. * Benchmark U.S. 10-year Treasury yields steadied on Thursday after gains in the previous session. [US/] * Higher interest rates and bond yields lift the opportunity cost of holding non-yielding bullion. * Spot silver firmed 0.1% to $19.20 per ounce, while platinum fell 0.3% to $853.25, and palladium gained 1.3% to $1,929.51. DATA/EVENTS (GMT) 0130 Australia Trade Balance G&S May 0600 UK Halifax House Prices MM June 0600 Germany Industrial Output MM 0645 France 1230 US International Trade May 1230 US Initial Jobless Clm Weekly (Reporting by Bharat Govind Gautam in Bengaluru; Editing by Amy Caren Daniel) ((BharatGovind.Gautam@thomsonreuters.com;)) Keywords: GLOBAL PRECIOUS/ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue