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Gold Falls Near 1-Week Low as Stronger Dollar Offsets Benefit of Slide in Bond Yields


Thursday, 28 March 2019 02:43 WIB

GOLDEMAS


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Gold futures fell on Wednesday to settle at their lowest in nearly a week, as some strength in the dollar contributed to a second straight session decline for the metal.

A rally in government bonds across the globe, however, pointed to increased appetite for assets perceived as havens, and uncertainty surrounding Brexit and U.S.-China trade developments helped to limit losses for the yellow metal, which trades lower for the month so far, but up year to date.

April gold on Comex lost $4.60, or 0.4%, to settle at $1,310.40 an ounce, the lowest for a most-active contract since March 21, according to FactSet data. June which is also among the most-active contracts, fell $4.50, or 0.3%, to $1,316.90 an ounce. Prices for both contracts turned slightly lower for the week.

Source : Marketwatch


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