Gold Edges Lower as Economies Open Up
Tuesday, 2 June 2020 09:53 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices inched lower on Tuesday on signs of economic recovery as more countries ease lockdown curbs, while protests in the United States, China-U.S. tensions and a weaker dollar limited losses.

Spot gold was down 0.1% at $1,738.12 per ounce, as of 0110 GMT. U.S. gold futures rose 0.2% to $1,753.70.

In a sign that the worst of the economic downturn from the coronavirus pandemic might be over, U.S. manufacturing activity ticked up slightly from a 11-year low.

China™s factory activity unexpectedly returned to growth in May as restrictions eased, but the improvement was marginal as export orders continued to shrink, a survey showed.

Source : Reuters

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