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Gold prices hold firm on trade, growth concerns


Monday, 11 February 2019 08:53 WIB

GOLDEMASEmas berjangkaSpot Gold


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Gold prices held steady on Monday, supported by uncertainties around Sino-U.S. trade war and concerns of slowing global economic growth, while a strong dollar weighed on the precious metal.

Spot gold was steady at $1,313 per ounce at 0059 GMT.

U.S. gold futures were also firm at $1,317 per ounce.

Investors are looking ahead to trade talks this week with a delegation of U.S. officials travelling to China for the next round of negotiations. U.S. President Donald Trump said last week that he had no plans to meet with Chinese President Xi Jinping before a March 1 deadline to achieve a trade deal.

The dollar index was marginally higher and hovering near more than one-month highs touched in the previous session.

Source: Reuters


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