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Gold Edges Higher as Dollar Weakens


Monday, 26 November 2018 21:24 WIB

GOLDEMASBullion


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Gold futures traded higher Monday, as positive developments in Europe weighed on the dollar, providing a runway higher for bullion.

Gold for December delivery trading on Comex rose 0.2% at $1,225.30 an ounce, after registering a weekly climb of less than 0.1% on Friday.

The British pound and the euro were strengthening, putting pressure on a gauge of the dollar, the ICE U.S. Dollar Index amid reports that the Italian government is making concessions with the European Commission over its budget by altering its fiscal proposal so that its projected deficit is near 2% of gross domestic product, down from 2.4%.

Source : Marketwatch


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