Gold suffers back-to-back losses, down from a recent trading near a 6-year high
Friday, 28 June 2019 01:12 WIB | PRECIOUS METALS |GOLDEMAS Spot EmasSILVER

Gold futures finished lower Thursday, suffering back-to-back losses after the haven metal scored a nearly six-year high early in the week.

The impending sideline meetings at the Group of 20 conference in Japan between U.S. President Donald Trump and his Chinese counterpart Xi Jinping held the attention of financial markets, which had been supportive for gold in recent sessions.

August gold edge down by $3.40, or 0.2%, to settle at $1,412 an ounce. Prices had settled at $1,418.70 Tuesday, the most robust settlement price for a most-active contract since Aug. 28, 2013, according to FactSet data.

In other metals trading, the most-active September silver contract fell 8.1 cents, or 0.5%, to $15.294 an ounce and September copper added 0.04% to $2.717 a pound. October platinum which is now the most active, fell 0.6% to $817.50 an ounce, while September palladium added 0.9% to $1,538.90 an ounce.

Source : MarketWatch

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