Gold Gains as Growth Concerns Curb Equity Demand
Monday, 27 May 2019 09:31 WIB |
PRECIOUS METALS |GOLDEMAS Spot EmasSILVER
Gold rose for a third day as concerns that the U.S.-China trade war is hurting global growth damps risk appetite.
With world stocks heading toward their first monthly decline of 2019, traders will be closely watching economic data for further clues on the impact of the trade tensions. China™s official manufacturing PMI for May is due Friday, with economists anticipating a tick down to 49.9, which signals a contraction.
Spot gold +0.2% to $1,287.15/oz at 9:53am in Singapore; +0.6% last week. Elsewhere, Spot silver +0.4%, Platinum -0.2%, Palladium -0.2%
Source : Bloomberg
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