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Gold Climbs 2nd Day as Dollar Slumps on Trump's Tweets


Monday, 23 July 2018 09:19 WIB

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Gold advances for second day as dollar weakens after U.S. President Donald Trump tweeted that China and the European Union have been manipulating their currencies.

Bullion for immediate delivery +0.3% to $1,233.30/oz at 9:53am in Singapore, after +0.5% on Friday: Bloomberg generic pricing. Metal hit $1,211.63 last week, lowest since July 2017, as rising dollar, trade tensions spur declines.

Bloomberg Dollar Spot Index -0.2% after -0.8% Friday.

In other precious metals : Silver +0.2% at $15.5376/oz, Platinum steady at $828.75/oz, Palladium -0.1% to $894/oz.

Source : Bloomberg


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