Friday, 27 December 2019 17:29 WIB |
PRECIOUS METALS |SILVER Spot EmasEMASGOLD
Gold is heading for its biggest weekly advance in more than four months, setting the metal up for its best year since 2010.
Bullion held near the highest in seven weeks on Friday even as stocks climbed worldwide and U.S.-China trade concerns eased, which typically reduces investor appetite for haven assets like gold.
Gold has gained 18% so far this year, supported by trade frictions, easier monetary policy across the world™s leading economies and sustained buying from exchange-traded funds and central banks.
Spot gold was little changed at $1,511.93 an ounce by 10:14 a.m. in London, after earlier touching $1,514.09, the highest since Nov. 4. Prices are up 2.3% this week, headed for the biggest weekly gain since Aug. 9.
In other precious metals, spot silver was down 0.1%, while platinum and palladium advanced. All three are on course to post a weekly gain alongside gold.
Source : Bloomberg