Gold Futures Settle Lower, Post a Third Straight Weekly Gain
Saturday, 17 August 2019 01:26 WIB |
PRECIOUS METALS |GOLDEMAS
Gold futures fell on Friday, but posted a gain for the week--their third in row. "Drivers for gold have included global growth in negative interest rate bonds, the decline in real interest rates in the U.S., [and] uncertainty regarding U.S./China trade policy and political unrest in Hong Kong," said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management.
December gold fell by $7.60, or 0.5%, to settle at $1,523.60 on Comex. For the week, most-active contract prices rose by 1%, according to FactSet data.
Source : Marketwatch
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