Gold Draws Modest Bid as China, North Korea Uncertainty Bubbles Up

Wednesday, 23 May 2018 19:10 WIB



Gold futures advanced modestly Wednesday as the metal drew a slight bid alongside other haven assets as global market attention returned to Sino-U.S. trade relations and concerns over the fate of nuclear negotiations with North Korea.

June gold climbed $3.70, or about 0.3%, to $1,295.70 an ounce. That's nearly $15 up from the $1,281.20 it grazed at one point Monday, the lowest intraday level since December.

In other trading, July silver fell 4 cents, or 0.2% to $16.535 an ounce. Among exchange-traded funds, the SPDR Gold Shares edged up 0.4%, while the iShares Silver Trust was up 0.1% and the VanEck Vectors Gold Miners ETF slipped 0.4%.

Source : Marketwatch


  • Gold pulled back Friday from the latest in a string of more-than-six year highs, but remains on track for a weekly gain. Gold for December delivery on Comex fell $9.60, or 0.6%, to $1,521.69 an ounce...



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