By:Nadeemy Haded

Gold rebounded after early losses on Thursday, as appetite for risk was affected by the US Federal Reserve's decision to keep interest rates close to zero, and with hopes for a fresh stimulus from the European Central Bank.

By 8:13 am GMT, the spot price of gold was up 0.3 percent to $ 1715.84 an ounce, while US gold futures rose 1 percent, to $ 1730.30 an ounce.

"The tremendous support we receive from the Fed boosts the overall trend supporting gold ... Gold will look very tempting because holding it costs almost nothing at the moment," said Stephen Ines, chief market planner at Axi Corp Financial Services.

In other precious metals, palladium rose 3.1 percent to $ 1995.87 an ounce, and platinum increased 0.2 percent to $ 776.35 an ounce, while silver fell 0.5 percent to $ 15.29 an ounce.

Source agencies

Rate this item
(0 votes)

About us

 Castle Journal is an international newspaper with daily electronic edition, received the international license by the United Kingdom number 10675, and accredited by the Egyptian Embassy in London, owned by Abeer Almadawy

Castle Journal expresses on the free and human voice specialized in the diplomatic, cultural and scientific media, it is eager to create a close relationship with the readers, who is our priority and considers them a true partner.

Castle Journal holds all the permits for practicing its duties of journalism in all countries of the world and the international organizations