Gold steady as disappointing U.S. retail sales weigh on risk appetite
Thursday, 17 October 2019 08:50 WIB |
PRECIOUS METALS | Spot EmasEMASGOLD
Gold prices held steady on Thursday as weak United States retail sales data fanned concerns that the country's economy may be feeling the pinch of the long-drawn trade war with China, while palladium held close to a record high hit the previous day.
Spot gold inched 0.1% higher to $1,490.37 per ounce as of 00:44 GMT. U.S. gold futures rose 0.1% to $1,495.60.
U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.
Source : Reuters
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