Gold Trades at Nearly 3-Week Low as Dollar, Stocks Perk Up
Tuesday, 21 May 2019 19:35 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices headed lower Tuesday as global stocks staged a rebound and the dollar strengthened, factors that helped to dull bullion™s appeal.

June gold on Comex traded $4.90, or 0.4%, lower at $1,272.40 an ounce, after booking a modest rise on Monday. The day™s early trading put the yellow metal on pace to log its lowest settlement since May 2, according to FactSet data.

Gold™s gains had been supported by increased U.S.-China trade tensions and worries about other political uncertainties, including the threat of military escalation between Iran and the U.S. and a disorderly exit from the European Union by Britain.

Source : Marketwatch

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