Friday, 20 July 2018 20:07 WIB |
PRECIOUS METALS |GOLDEMAS
Gold prices managed a slim early advance Friday, barely chipping away at a weekly loss as the metal remained pinned within the correction territory entered in the previous session.
Gold trades near a one-year low, a level largely maintained even as President Donald Trump voiced his displeasure with Federal Reserve rate increases in a late-week interview, prompting a Thursday decline in the benchmark dollar index that persisted on Friday.
August gold was up 80 cents, or 0.1%, at $1,225 an ounce. The contract settled at $1,224 Thursday, posting the lowest finish for a most-active contract since July 2017. The settlement marked gold™s entry into correction territory”down more than 10% from its peak on Jan. 15 at $1,362.90. The futures are facing down a roughly 1.3% decline this week, according to FactSet data.
Source : Marketwatch