Gold rises on global growth worries, US-EU trade conflict
Tuesday, 2 July 2019 13:55 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold prices edged higher on Tuesday after a steep fall in the previous session, as investors fretted about an economic slowdown amid weak global manufacturing data and U.S.-European trade ructions.

Spot gold was up 0.4% at $1,389.73 per ounce at 04:14 GMT, after falling 1.8% in the previous session, its biggest one-day percentage decline since November 2016. U.S. gold futures were up 0.2% to $1,391.70 an ounce.

The United States on Monday ratcheted up pressure on Europe in a long-running dispute over aircraft subsidies, threatening tariffs on $4 billion of additional EU goods, on top of products worth $21 billion that were announced in April.

Elsewhere, silver rose 0.3% to $15.18 per ounce, while palladium was flat at $1,546.80 per ounce.

Source : Reuters

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