Gold futures end higher, up more than 3% for the month
Saturday, 30 May 2020 01:21 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures ended higher on Friday as tensions between the U.S. and China over Hong Kong fed haven demand for the precious metal.

Meanwhile, Federal Reserve Chairman Jerome Powell said Friday that while he was a bit less tense about the economy, he is still concerned about a potential "second wave" of the coronavirus outbreak.

Against that backdrop, August gold climbed by $23.40, or nearly 1.4%, to settle at $1,751.70 an ounce. Most-active futures contract prices ended the month with a gain of 3.4%, according to Dow Jones Market Data.

Source: Marketwatch

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