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Gold Jumps on Reports of Sino-U.S. Trade-Talk Progress, Set For Slight Weekly Gain


Friday, 15 February 2019 19:55 WIB

GOLDEMAS


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Gold futures on Friday climbed firmly, as progress in trade talks in the final day of this week’s round of U.S.-China trade negotiations were seen as bullish for the yellow metal, overshadowing a firmer dollar and a pick up in global equity markets.

April gold gained $7.80, or 0.6%, to reach $1,321.70 an ounce, after edging less than 0.1% lower in the session before. Friday’s early gains erased a loss for the 5-day stretch, putting bullion on track to log a 0.2% weekly return, based on last Friday’s settlement. The SPDR Gold Shares ETF was up 0.4% on the day in premarket trade

March silver meanwhile, added 15 cents, or 1%, to reach $15.675 an ounce, with gold’s sister metal still on pace for a weekly loss of 0.8%.

Source : Marketwatch


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