Tuesday, May 16, 2017

PRECIOUS-Gold hits 2-wk high on Trump concerns, weaker US housing data

May 17 (Reuters) - Gold prices hit a two-week high on Wednesday as Asian stocks slipped and the dollar was pressured after underwhelming U.S. housing data and reports that U.S. President Donald Trump sought an end to an FBI probe into his former security adviser. FUNDAMENTALS * Spot gold had climbed 0.5 percent to $1,242.92 per ounce by 0059 GMT, after earlier touching its strongest since May 3 at $1,244.70. It rose about 0.5 percent on Tuesday in its biggest one-day p

by reutersCOMPANYNEWS via Endless Supplies .Biz - News

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