Friday, 31 August 2018 08:30 WIB |
PRECIOUS METALS |GOLDEMAS Spot EmasEmas berjangka
Gold inched lower on Friday, as the dollar stayed firm on expectations of rising interest rates amid lingering Sino-U.S. trade tensions, and the yellow metal was headed for its fifth straight monthly decline.
Spot gold was down 0.1 percent at $1,198.66 an ounce at 0029 GMT. Prices were on track for fifth straight monthly decline, the metal's longest losing streak since early 2013. They are down about 2 percent so far this month.
U.S. gold futures were mostly steady at $1,204 an ounce.
The dollar index against a basket of six major currencies stood little changed at 94.709. The index had nudged up 0.1 percent overnight, posting its first gain in five days.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.27 percent to 757.81 tonnes on Thursday from Wednesday.
Source : Reuters