Gold gains on U.S.-China trade jitters, rate cut hopes
Friday, 12 July 2019 09:11 WIB |
PRECIOUS METALS |GOLDEMAS
Gold prices rose on Friday and were on track for a weekly gain, as worries over renewed U.S.-China trade tensions and expectations of a rate cut by the Federal Reserve boosted demand for the safe-haven metal.
Spot gold was up 0.4% at $1,408.62 per ounce as of 01:33 GMT. Gold has risen nearly 0.6% so far this week.
U.S. gold futures were up 0.2% at $1,410 an ounce.
U.S. President Donald Trump said on Thursday that China was not living up to promises it made on buying agricultural products from American farmers.
Source : Reuters
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