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Gold on track for second weekly gain as Syria concerns linger


Friday, 13 April 2018 17:39 WIB

GOLDEMAS Spot EmasEmas berjangka


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Gold prices rose on Friday and were headed for their second weekly gain as investors sought safety from security tensions over Syria.

Gold is often used as store of value in times of political and financial uncertainty.  Spot gold was up 0.4 percent at $1,340.79 an ounce as of 0930 GMT, and was set for a weekly gain of around half a percent. U.S. gold futures         were steady at $1,343.70 an ounce.

U.S. President Donald Trump and his national security aides on Thursday discussed options on Syria, where he has threatened missile strikes in response to a suspected poison gas attack, as a Russian envoy voiced fears of wider conflict between Washington and Moscow. 

Trump, however, cast doubt over the timing of his threatened strike on Syria on Thursday, by tweeting that an attack on Syria "could be very soon or not so soon at all".

Source: Reuters


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