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Gold Ends Higher as Dollar Stumbles, Metal Registers Second Straight Weekly Gain


Saturday, 23 February 2019 02:03 WIB

GOLDEMAS


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Gold futures settled higher Friday as the dollar weakened, with bullion booking its second straight weekly gain, a day after the metal's largest one-day drop since August.

April gold finished up $5, or 0.4%, at $1,332.80 an ounce, which helped it produce a weekly gain of 0.8%, according to FactSet data. The advance for the metal and the broader commodity complex has come amid apparent progress in talks between the U.S. and major natural resource importer China. Meanwhile, the dollar, as gauged by the ICE U.S. Dollar Index -- a measure of the buck against a half-dozen rival currencies -- was edging 0.2% lower at 96.44. A weaker U.S. unit can help commodities that are pegged in the currency climb.

Source : Marketwatch


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