Gold Holds Advance as Trade War Spurs Growth Concerns
Friday, 24 May 2019 16:42 WIB |
PRECIOUS METALS |GOLDEMAS
Gold held much of Thursday™s gain, heading for a weekly advance, as escalating trade tensions between the U.S. and China damped the outlook for growth.
Spot gold -0.1% at $1,281.60/oz in London; after +0.8% Thursday. Price +0.3% this week. Bloomberg Dollar Spot Index flat.
Global stocks retreated for a third week and yields on 10-year Treasuries are near the lowest since 2017, helping to support the precious metal. Still, bullion has been pressured by a stronger dollar and traders and analysts were neutral on their outlook for gold in a weekly Bloomberg survey.
Source : Bloomberg
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