Gold prices climbed for the seventh time in the last eight sessions on Thursday, hitting a fresh six-month high as the dollar fell and stocks extended a recent bout of volatility

Market news

27 December 2018

Gold prices climbed for the seventh time in the last eight sessions on Thursday, hitting a fresh six-month high as the dollar fell and stocks extended a recent bout of volatility

Gold for February delivery edged up 0.4% to $1,277.90 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices have trimmed almost all of their 2018 drop in recent weeks, boosted by bets that the Federal Reserve will cool its pace of interest-rate increases moving forward and a weaker dollar. Gold is at its highest level since June

European stocks closed: FTSE 100 -100.08 6585.91 -1.50% DAX -252.31 10381.51 -2.37% CAC 40 -27.78 4598.61 -0.60%

U.S.: Consumer confidence , December 128.1 (forecast 133.7)

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