The prices of gold went up on Thursday, continuing the last session’s four-month high, thanks to a weaker dollar as well as the loss of momentum in equities.
U.S. gold futures went almost unchanged at $1,319 per ounce.
Spot gold gained 0.1 percent and was at $1,318.49 per ounce. On Wednesday, it reached a four-month high of $1,326.56 per ounce.
Holdings of SPDR Gold Trust, went down by 0.35 percent to 828.96 tonnes on Wednesday.
The prices of gold recovered from their losses on Wednesday and gained 1 percent as the dollar fell following a report that officials from China had suggested cutting down or stopping on buying U.S. Treasury securities
The prices of oil remained close to its highest in three years on Thursday, supported by a decrease in crude production in the United States as well as the lower inventories.
Futures for Brent crude, the global benchmark for the prices of oil were at $69.14 per barrel. This price was near the high from yesterday of $69.37 per barrel.
Futures for U.S. West Texas Intermediate crude were down by 4 cents at $63.53 per barrel. It was still near $63.67 per barrel, its December 14 high.Oil prices were mostly supported by the OPEC-led production cut that began in January 2017 and will continue well until the last month of 2018.