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Gold inches up, but set for biggest weekly fall in 15 months


Friday, 17 August 2018 08:56 WIB

GOLDEMAS Spot EmasEmas berjangka


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Gold prices edged higher in early trade on Friday as dollar held steady, but the metal remained on track to post its biggest weekly decline since May 2017.

Spot gold rose 0.3 percent at $1,177.38 an ounce, as of 0047 GMT. In the previous session, the metal hit a 19-month low at $1,159.96.

The metal was down 2.8 percent for the week and set to record a sixth consecutive weekly decline.

U.S. gold futures were unchanged at $1,184 an ounce.

The dollar was little changed against other major currencies on Friday after nudging away from 13-1/2-month highs amid easing risk aversion and as investors awaited the next developments in the U.S.-China trade saga.

Source : Reuters


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