Gold futures turned higher by Tuesday™s settlement with tensions on the rise following reports that the U.S. canceled a meeting with China officials as the two nations attempt to reach a resolution to a trade dispute that has hurt the global economic outlook.
Gold for February delivery on Comex edged up by 80 cents, or less than 0.1%, to settle at $1,283.40 an ounce, while March silver gave up 7.4 cents, or 0.5%, to $15.325 an ounce.
U.S. stocks on Tuesday moved broadly lower, while the dollar traded slightly weaker as gold futures settled. That tends to boost haven investment demand for gold.
Marketwatch
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Thursday, 25 April 2019 17:28 WIB
Gold extended Wednesday™s advance amid concerns about global growth and as investors assessed corporate earnings.
Spot gold +0.1% to $1,276.56/oz after +0.3% Wednesday.Bloomberg Dollar Spot Index +0.2%.
The metal edged...