Gold taps $1,400 for the first time since 2013, then retreats
Saturday, 22 June 2019 01:16 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures climbed above $1,400 an ounce Friday for the first time since 2013, as investors continued to bet on easier monetary policy from the Federal Reserve and other central banks, but prices have since fallen back.

August gold rose as high as $1,415.40 an ounce, early Friday. It has eased back to $1,395, down $1.90, or 0.1%. For the week, the precious metal stands to gain roughly 3.8%. The SPDR Gold Shares exchange-traded fund added 0.6%, poised for a weekly rise of 4.2%.

July silver also fell 24.2 cents, or 1.6%, to $15.25 an ounce, after seeing its highest finish since late March on Thursday. It™s looking at a weekly rise of just over 3%.

In other metals dealings, July copper edged down by 0.4% to $2.703 a pound, with prices up 2.7% for the week. July platinum fell 0.8% to $799.30 an ounce”trading roughly 0.8% lower than the week-ago finish, while September palladium added 1% to $1,495.50 an ounce in Friday dealings, up around 2.3% for the week.

Source: marketwatch

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