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