Monday, 10 December 2018 09:54 WIB |
PRECIOUS METALS |GOLDEMAS
Gold traded at the highest level in five months amid a retreatin Asian equities and U.S. stock futures on the potential escalation of tensions between Washington and Beijing.
Haven assets are rising after China's vice foreign minister summoned the U.S. ambassador Terry Branstad in protest over the arrest of Huawei Technologies Co.'s chief financial officer, and amid concerns over China's slowing economy.
Traders are also assessing if the Federal Reserve will pursue a slower pace of U.S. interest rate increases after jobs and wages rose by less than forecast in November.
Spot gold as much as +0.1% to $1,251.09/oz, highest level since July 11, and was at $1,249.75 at 9:40am in Singapore
Metal +2.4% last week, biggest weekly gain since March
Bloomberg Dollar Spot Index -0.2%.
Other precious metals : Silver -0.1%, Platinum little changed.
Source : Bloomberg