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Gold prices inch up, investors shift focus to upcoming US economic data


Friday, 27 July 2018 08:52 WIB

GOLDEMAS Spot EmasEmas berjangka


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Gold prices edged up on Friday but stayed close to one-year lows, with investors waiting for data later in the day on U.S. economic growth.

Spot gold was up 0.04 percent at $1,222.70 an ounce at 0102 GMT. The metal was set to fall for a third week, down about 0.7 percent.

U.S. gold futures were 0.3-percent lower at $1,222.10 an ounce.  

New orders for key U.S.-made capital goods increased more than expected in June and shipments surged, pointing to solid growth in business spending on equipment in the second quarter.

The dollar stood tall against its peers on Friday, having regained traction as the euro slid sharply after the European Central Bank offered little in the way of surprises over its planned timing to move away from its accommodative monetary policy.

Source : Reuters


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