Gold Heads for 1st Weekly Gain in Five Before U.S. GDP
Friday, 26 April 2019 08:45 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold headed for the first weekly advance in five as investors awaited data on U.S. gross domestic product for guidance on the strength of the economy.

The U.S.'s first quarter is looking a lot rosier than a few weeks ago, but the factors supporting that growth may be more ephemeral rather than a sign of sustained momentum. A Commerce Department report Friday is expected to show GDP expanded at a 2.3 percent annualized pace -- up slightly from the fourth quarter -- and compared with the 1.5 percent seen in early March, according to Bloomberg™s surveys of economists.

Spot gold +0.1% to $1,278.78/oz at 9:09am in Singapore; +0.3% this week. Spot silver -0.4% this week, Palladium -0.4% this week, snapping a two-week rally

Source : Bloomberg

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