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Gold Hovers, Palladium Drops as Dollar Extends Gains


Wednesday, 6 February 2019 19:13 WIB

GOLDEMAS


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Gold hovered near one-week lows touched on Monday as the dollar extended gains alongside U.S. Treasuries and Chinese markets remained closed. Palladium, one of the best-performing commodities of 2018, dropped by the most so far this month, leading declines in precious metals.

Spot gold -0.2% at $1,312.45/oz at 11:47am in London. Bloomberg Spot Dollar Index +0.2%.

With China still shut for Lunar New Year holidays, investors are focused on the U.S., weighing the possibility of another partial government shutdown against optimism about U.S.-China trade talks.

Source : Bloomberg


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