Market Live

Thursday, 15 June 2017

Gold gains as stocks fall after report of Trump probe

Gold edged up early on Thursday from a near three-week low hit in the previous session, as Asian stocks fell on a report that U.S. President Donald Trump is being investigated for possible obstruction of justice.


FUNDAMENTALS

* Spot gold rose 0.2 percent to $1,263.70 per ounce by 0107 GMT.

* U.S. gold futures for August delivery fell 0.8 percent to $1,265.90 per ounce.

* Spot gold hit a session low of $1,256.65 on Wednesday, its weakest since May 26 after the U.S. Federal Reserve raised interest rates for the second time in three months.

* U.S. stock futures dipped and Asian shares were on the defensive on Thursday with MSCI's broadest index of Asia-Pacific shares outside Japan dipping 0.3 percent. 

* Trump is being investigated by special counsel Robert Mueller for possible obstruction of justice, the Washington Post reported on Wednesday, citing unidentified officials.

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