Gold falls from 6-year high as risky assets rally; silver climbs toward a fresh 3-year peak
Thursday, 5 September 2019 01:57 WIB |
PRECIOUS METALS |GOLDEMASSILVER
Gold futures retreated Wednesday, pulling back from a six-year high, after global equity markets rebounded amid signs that tensions in Hong Kong ” a source of global anxieties ” were momentarily easing. Silver prices, however, extended gains to the highest for the white metal in about three years.
December gold gave up $1.10, or nearly 0.1%, to trade at $1,554.80 an ounce, after surging 1.7% Tuesday on Comex, the highest finish since April 2013, according to FactSet data. That was the first gain for the most-active contract in four sessions.
Silver for December delivery meanwhile, rose 18.3 cents, or 1%. to $19.42 an ounce, extending its 4.9% gain from Tuesday and marking its highest level since Sept. 26, 2016, when the metal settled at $19.60 an ounce.
Source : MarketWatch