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Gold Heads for Second Weekly Drop on Dollar's Strength


Friday, 22 June 2018 09:15 WIB

GOLDEMASBullionSILVER


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Gold poised for second weekly drop as stronger dollar counters uncertainty surrounding global growth amid trade tensions between the U.S. and China.

Bullion for immediate delivery +0.1% to $1,268.45/oz at 9:24am in Singapore; -0.8% this week after -1.5% last week. Metal touched $1,261.50 on Thursday, lowest level since Dec. 20

Bloomberg Dollar Spot Index holds near highest since July 2017

In other precious metals : Silver +0.2% to $16.3522/oz to pare 2nd weekly decline , Platinum -2.8% this week, after dropping to $860.10 on Weds, lowest level since Feb. 2016

Source : Bloomberg


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