Gold retreats after booking highest close in a month, set for weekly loss
Friday, 15 June 2018 19:27 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures on Friday pulled back from the highest close in about month as the U.S. dollar held on to firm gains against rival currencies, weighing on assets pegged to the monetary unit.

August gold slipped by $6.60, or 0.5%, to $1,301.70 an ounce, after hitting its highest level since mid to late May, according to FactSet data. The yellow metal, however, was holding ground above the psychologically significant level at $1,300, a day after the European Central Bank spelled the end of its easy-money policies but did so at a more cautious pace than had been anticipated, driving the euro on Thursday to its worst one-day loss against greenback since 2016.

Source: Marketwatch

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