Gold steady amid stronger US dollar, lower physical demand in Asia

FOX Business Flash top headlines for April 11

Here are your FOX Business Flash top headlines for April 11.

Gold prices were steady in the early Asian session amid mixed developments. 

DESPITE TRADERS' UNEASINESS OVER HIGHER INTEREST RATES, GOLD MAINTAINS GAINS

The precious metal's upside seems challenged by factors including a stronger U.S. dollar and physical demand in Asia running behind expectations, said SPI Asset Management's managing partner Stephen Innes. 

Gold prices were steady in the early Asian session on Tuesday, April 12, 2022, amid mixed developments.  (iStock / iStock)

However, gold is holding above the $1,920 per ounce to $1,950 per ounce neutral territory and is trading constructively as Ukraine tragedies unfold, he said.

Ticker Security Last Change Change %
GOL GOL LINHAS AÉREAS INTELIGENTES 7.14 +0.10 +1.42%

"Buy the dip will hold for a while as geopolitical risk premium is minimal in my view," he added.

CLICK HERE TO READ MORE ON FOX BUSINESS

 Spot gold is little changed at $1,953.50 per ounce.

Source: Read Full Article