Gold turned higher on
Wednesday as the dollar fell, U.S. stocks dropped and a Federal Reserve
president raised concerns about inflation expectations.
Spot
gold XAU= was up 0.6 percent at $1,093.25 an ounce at 3:40 p.m. EST (2040 GMT),
while U.S. gold futures GCcv1 settled up 0.2 percent at $1,087.10.
Gold rose for a
second session on Thursday, recovering from a one-week low as pressure on
global equity markets and weakness in the U.S. dollar underpinned the precious
metal.
Bullion dealer
Sharps Pixley has opened Britain's first showroom making gold coins and bars
available to private investors in the capital's exclusive district of Mayfair,
the company said in a statement.
Infosys'
third quarter earnings beat analysts' expectations with profit rising 1.94
percent to Rs 3,465 crore and revenue growing 1.7 percent to Rs 15,902 crore
Q-o-Q.
The
market has opened sharply lower following global turmoil after crude fell below
USD 30 a barrel. The 30-share BSE Sensex lost 266.93 points or 1.07 percent to
24587.18 and the 50-share NSE Nifty declined 85.90 points or 1.14 percent to
7476.50
The
Indian rupee declined to 67.04 per dollar mark in the opening trade, the level
it saw last on December 15, 2015.
Asian shares
skidded on Thursday in the wake of steep losses on Wall Street, while a rout in
oil and commodities prices, with crude plumbing 12-year lows, heightened fears
about the global economy.
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