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Gold edges up as dollar eases after US-EU trade agreement


Thursday, 26 July 2018 09:31 WIB

GOLDEMAS Spot EmasEmas berjangka


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Gold prices inched up early on Thursday as the dollar eased after U.S. President Donald Trump and European Commission President Jean-Claude Juncker agreed to work towards eliminating trade barriers.

Spot gold was up 0.2 percent at $1,233.26 an ounce at 0102 GMT.

U.S. gold futures for August delivery were 0.2-percent higher at $1,233.60 an ounce.

The dollar index, which measures the greenback against a basket of six major currencies, fell 0.2 percent to 94.164. It marked a two-week low earlier in the session.      

In what the European Union's chief executive, Jean-Claude Juncker called a "major concession", U.S. President Donald Trump agreed on Wednesday to refrain from imposing car tariffs while the two sides launch negotiations to cut other trade barriers, easing the threat of a transatlantic trade war.        

Source : Reuters   


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