Gold heads for best weekly gain in over 2 months on dovish Fed



* Silver heads for first weekly gain in four

* SPDR Gold ETF holdings rise 0.6% on Thursday

* Dollar set for its worst week since May

By Eileen Soreng

July 30 (Reuters) - Gold was set on Friday for its best weekly performance in more than two months on renewed signs the U.S. Federal Reserve could hold-off on tapering economic support in the near term, and as the dollar was headed for its worst week since May.

Spot gold XAU= was steady at $1,827.41 per ounce by 0648 GMT, after hitting its highest since July 15 at $1,832.40 on Thursday. It is up 1.4% so far for the week.

U.S. gold futures GCv1 fell 0.3% to $1,830.80 per ounce.

"The backdrop for gold is still positive... There is a lot of uncertainty in terms of whether the economic recovery will continue as strong and what happens in the U.S. labor market," said Harshal Barot, a senior research consultant for South Asia at Metals Focus.

"There's no clear signal to suggest that the Fed will have to hike rates aggressively."

Lower interest rates reduce the opportunity cost of holding non-yielding bullion.

Gold jumped as much as 1.4% on Thursday following Fed chief Jerome Powell's remarks that the U.S. job market still had "some ground to cover" and that it was "ways away" from considering interest rate hikes.

Underpinning his views, data showed the U.S. economy expanded solidly in the second quarter, but the growth fell short of expectations.

These are "short-term gains for gold, but not a trend change... I don't see gold changing anything about the dominant bias, at least until we can get through about $1,870-$1,880," said DailyFX currency strategist Ilya Spivak.

Meanwhile, the dollar index .DXY tried clawing up from a one-month low on Friday, while it was headed for its worst weekly performance since May.

Holdings in the SPDR Gold Trust GLD , the world's largest gold-backed exchange-traded fund, rose 0.6% on Thursday, the first inflow in about a month.

Silver XAG= was steady at $25.51 per ounce and was headed for its first weekly gain in four.

Palladium XPD= rose 0.2% to $2,652.42 per ounce, while platinum XPT= fell 0.5% to $1,055.38.
Reporting by Eileen Soreng and Arundhati Sarkar in Bengaluru; editing by Ramakrishnan M., Subhranshu Sahu and Vinay Dwivedi

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示: 您的資金存在風險。杠杆商品可能不適合所有客戶。 請詳細閱讀我們的風險聲明