Gold prices near 8-month high as dovish Fed minutes weigh on dollar, yields

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Gold steadied on Thursday around an 8-month high touched earlier this 7 days, as the U.S. greenback and Treasury yields dipped on fewer hawkish-than-feared Federal Reserve minutes, and as the Ukraine disaster boosted desire for the safe and sound-haven metal.

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FUNDAMENTALS&#13
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* Location gold held its ground at $1,868.36 for every ounce, as of 0123 GMT. Bullion had strike its greatest stage given that June at $1,879.48 on Tuesday.

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* U.S. gold futures had been regular at $1,871.40.

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* Oil and gold prices rose on Wednesday following NATO and the United States reported Russia was growing its troop construct-up in the vicinity of Ukraine, though dovish Fed minutes served stocks near mainly flat on Wall Road. [MKTS/GLOB]

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* Fed officials past thirty day period agreed that with inflation tightening its grip on the economic climate and work sturdy, it was time to raise curiosity fees, but also that any choices would rely on a assembly-by-assembly examination of inflation and other facts, in accordance to the minutes of the Jan. 25-26 plan conference.

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* The dollar eased soon after the minutes suggested policymakers are not set on a individual speed of curiosity rate hikes, making gold far more eye-catching to abroad consumers. [USD/]

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* A dip in U.S. Treasury yields lowered the possibility charge of keeping non-fascination-having to pay bullion. [US/]

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* U.S. retail income elevated by the most in 10 months in January, lifting the level of sales to a history superior amid a surge in purchases of motor vehicles and other merchandise, but bigger price ranges could restrict the raise to economic expansion this quarter.

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* Among the other treasured metals, place silver was flat at $23.54 for each ounce and palladium rose .2% to $2,284.19.

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* Platinum dipped .5% to $1,056.53, easing off a a few-thirty day period large touched in the past session.

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(Reporting by Bharat Govind Gautam in Bengaluru Editing by Sherry Jacob-Phillips)

(Only the headline and image of this report may perhaps have been reworked by the Organization Regular workers the relaxation of the articles is automobile-created from a syndicated feed.)

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