Gold advances on weaker stocks as trade-talk continuation captures market attention
Tuesday, 19 February 2019 20:53 WIB |
PRECIOUS METALS |GOLDEMAS
Gold futures firmed Tuesday, looking to build on the multiweek highs scored in recent sessions, as the stock market assumed a defensive stance ahead of the next round in the U.S.-China trade spat.
April gold gained $11, or 0.8%, at $1,330.30 an ounce after the contract settled at a two-week high of $1,322.10 Friday, enough to flip the contract to positive for last week despite a string of losses before Friday. U.S. markets were closed Monday for the Presidents Day holiday.
Among other metals, March silver rose 7 cents, or 0.5%, to $15.82 an ounce. Gold's sister metal was down 0.4% for last week. March copper added 1.2% to $2.8335 a pound. April platinum rose 1.1% to $816.10 an ounce.