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Gold Trades Near 2-Week Peak, On Track For First Weekly Gain This Month


Friday, 14 September 2018 20:03 WIB

GOLDEMAS


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Gold futures edged slightly higher early Friday, as a weaker U.S. dollar has helped the precious metal on a path toward its first weekly gain this month.

December gold added $3, or 0.3%, to $1,211.20 an ounce, with the precious metal on pace to book a weekly rise of about 0.9%, representing its first weekly gain for a most-active contract since the period ended Aug. 31, according to FactSet data and based on last Friday’s close. A close at its current level would mark its best since Aug. 29.

Gains for bullion have come as the U.S. dollar has slumped by about 0.9% at 94.48 thus far this week and weakened to a two-week low, as measured by the U.S. ICE Dollar Index a gauge of the buck against a half-dozen currencies.

Source : Market Watch


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