Gold Inches up on Weaker Dollar | Today Commodity Market News Outlook 07 June 2018.
Bullion - Opens on positive Note Gold -30970-30980 Silver - 40070-40100
Energy - Opens on positive Note Crude Oil - 4360-4365 Natural Gas - 194-195
Base Metals - Opens on positive Note Copper -483-486 Nickel - 1052-1053 Lead -169.10-169.30 Zinc - 214.60-215 Aluminium -157.20-157.50
Gold prices edged higher on Thursday, supported by a weaker dollar amid ongoing concerns about a trade war between the United States and its allies.
The dollar index , which measures the greenback against a basket of six major currencies, fell 0.2 percent to 93.497.
U.S. President Donald Trump is not backing down from the tough line he has taken on trade, the White House's top economic adviser said on Wednesday, setting the stage for a showdown with top allies at this week's G7 summit in Canada.
The European Union expects to hit U.S. imports with additional duties from July, ratcheting up a transatlantic trade conflict after Washington imposed its own tariffs on incoming EU steel and aluminium.
The euro stayed near two-week highs against many of its rivals on Thursday, on rising bets the European Central Bank (ECB) may announce it will wind down its stimulus programme by year-end as early as next week.
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