Gold Holds Advance as Trade War Spurs Growth Concerns
Friday, 24 May 2019 10:39 WIB | PRECIOUS METALS |GOLDEMAS

Gold headed for a weekly gain as escalating trade tensions between the U.S. and China damped the outlook for growth, with yields on 10-year Treasuries steadying after slumping to the lowest since 2017.

Spot gold steady at $1,283.26/oz at 8:55am in Singapore; after +0.8% Thursday. Price +0.5% this week. Bloomberg Dollar Spot Index +0.1%. Yield on 10-year Treasuries at 2.33% after -6 bps Thursday

Other precious metals: Spot silver little changed; +1.4% this week to snap 3 weeks of losses. Platinum heads for fifth straight weekly decline. Palladium +0.2% this week.

Source: Bloomberg

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