BENGALURU Fragile global growth and the prospect of interest rates staying lower for longer, boosting gold's appeal for nervous investors, are behind upward revisions to price forecasts for the yellow metal, a Reuters survey showed.
* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl
(Recasts with added comments, details, updates prices)
Oct 24 Gold scaled a near two-week peak on
Thursday after weak economic data from the United States raised
expectations for another interest rate cut by the Federal
Reserve, while platinum jumped to its highest level in more than
* GRAPHIC-Platinum/palladium ratio: http://tmsnrt.rs/1QjSZAC
Oct 2 Gold gained on Wednesday after
weaker-than-expected U.S. economic data exacerbated concerns
about global growth and increased prospects of further interest
rate cuts, driving investors towards the safe-haven metal.
Oct 1 Gold slid to its lowest in nearly two
months as the dollar climbed to a multi-year peak on signs of
strength in the U.S. economy while hopes of a breakthrough in
the U.S.-China trade dispute dampened interest in the metal as a
haven from risk.
Gold slipped by 1% to a one-week low on Friday and was heading for its worst week in six-months as investors sought safety in the U.S. dollar, lifting the currency to multi-week highs.
Sept 27 Gold slipped by 1% to a one-week low on
Friday and was heading for its worst week in six-months as
investors sought safety in the U.S. dollar, lifting the currency
to multi-week highs.
Sept 26 Gold prices rose on Thursday after a
nearly 2% slide in the previous session triggered buying
interest for the safe-haven metal, although a strengthening U.S.
dollar capped gains.