Gold trading higher in Asian session

Thursday, 05/01/2017 | 13:28 GMT

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Gold escalated during the Asian trading session, amid the investors taking into consideration the Federal Reserve's meeting minutes to come up with valid predictions for a probable rate hike in 2017.

Gold trades to $1,171.95

February's gold delivery, on the New York Mercantile Exchange of the Comex division, traded to $1,171.95 a troy ounce, rising 0.57%.

Silver futures, for delivery in March, reached $16.587 a troy ounce, adding 0.21%, and copper futures to $2.552 a pound, declining 0.23%. Copper futures traded to $2.549 a pound, jumping 2.4% or 6.0 cents.

Moreover, China's Caixin services PMI ticked higher than 53.3, rising to 53.4.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/gold-trading-higher-in-asian-session

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