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Gold Drops to December Low as Trade Tariffs in Focus


Tuesday, 3 July 2018 09:23 WIB

GOLDEMASBullion


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Gold declines to lowest level this year as investors weigh dollar’s strength, with the Trump administration’s planned imposition of tariffs against China due to start Friday. Platinum trades near the lowest level in more than nine years.

Bullion for immediate delivery as much as -0.3% to $1,238.41/oz, lowest since Dec. 12, and was at $1,238.87 at 9:51am in Singapore: Bloomberg generic pricing. Bloomberg Dollar Spot Index steady after +0.5% Mon.

In other precious metals, Silver -0.2% to $15.8172/oz, after dropping to $15.7729 on Mon., lowest level since Dec. 13.

Source : Bloomberg


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