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Gold Prices Edge Higher Ahead of Key Data, Sino-U.S. Trade Development in Focus


Tuesday, 26 February 2019 13:03 WIB

GOLDEMAS


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Gold prices edged higher on Tuesday in Asia as traders await a batch of key U.S. economic data due later this week.

At 12:30 AM ET (05:30 GMT), Gold Futures for April delivery on the Comex division of the New York Mercantile Exchange was up $2.05, or 0.15%, to $1,331.55 a troy ounce.

On the data front, traders will be closely monitoring the U.S. fourth-quarter GDP, which is set to be released on Thursday. The release of the report was delayed by the 35-day partial government shutdown.

Meanwhile, housing starts and building permits are due on Tuesday, while figures on personal consumption expenditure along with consumer sentiment and manufacturing are scheduled to be released on Friday.

Investor sentiment improved this week after U.S. President Donald Trump raised the prospect of a trade deal with China.

Source : Investing.com


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