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Gold Near 9-Month Highs on Fed; Trade Optimism Caps Gains


Friday, 1 February 2019 08:56 WIB

GOLDEMAS Spot Emas


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Gold held firm on Friday near nine-month highs touched in the previous session on the back of a pause in U.S. interest rate hikes, although optimism about a Sino-U.S. trade deal boosted risk appetite, capping gains.

Spot gold was steady at $1,321.14 per ounce by 0106 GMT. Prices rose to $1,326.30, their highest since April 26 on Thursday.

U.S. gold futures were little changed at $1,320.10 per ounce.

Spot gold rose nearly 3 percent in January and was up 1.3 percent so far this week, gaining for a second straight week.

Source : Reuters


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