Gold Steady After Two Sessions of Fall | Today Commodity Market News Outlook 29 May 2018.

strong dollar weighs on market


Bullion - Opens on positive Note Gold -31050-31070 Silver - 40060-40070 

Energy - Opens on positive Note Crude Oil - 4530-4535 Natural Gas - 201-201.50 

Base Metals - Opens on positive Note Copper -462-462.50 Nickel - 1005-1010 Lead -165-166 Zinc - 208-208.50 Aluminium -153-80-153.90



Gold prices fell on Monday on revived hopes of a U.S.-North Korea summit, while a strong dollar also weighed on the market.

Spot gold was down 0.3 percent at $1,297.71 per ounce at 0243 GMT, while U.S. gold futures for June delivery fell 0.5 percent to $1,297.10 per ounce.

"It looks like there is some chance of a meeting between the U.S. and North Korea leaders, that would lower the geopolitical risks and lessen the appeal of gold," said John Sharma, an economist with National Australia Bank, adding that a strong dollar was also pressuring prices.

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