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Gold up as Fed stance pricks dollar, stocks rally cap gains

“Indicating investor appetite for gold, holdings in the SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.37 percent to 798.25 on Thursday” writes Simon Dawson for Spot gold was up 0.3 percent at $1,288.60 per ounce, as of 0306 GMT and U.S. gold futures gained about 0.4 percent to $1,290.70 per ounce.Gold rose on Monday, helped by a weaker dollar on expectations that the U.S. Federal Reserve might apply brakes on its monetary tightening cycle in 2019, although an improved risk appetite limited gains for the safe haven metal.

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