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Gold Edges Up After Steep Fall; Palladium Faces Worst Week Since End-2015


Friday, 29 March 2019 10:21 WIB

GOLDEMAS Spot EmasPalladium


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Gold inched up on Friday, but was on track for its first weekly decline in four weeks after posting its steepest fall in more than seven months in the previous session on a strong dollar.

Palladium, meanwhile, was set for its worst week since November 2015, after recording its biggest one-day decline in more than two years on Thursday.

Spot gold rose 0.1 percent to $1,291.40 per ounce by 0120 GMT, after falling about 1.5 percent in the previous session to touch its lowest since March 8 at $1,288.30.

The metal is down about 1.6 percent so far this week, but is virtually flat for the quarter.

U.S. gold futures were flat at $1,290 an ounce.

Spot palladium gained 0.5 percent to $1,355.18 an ounce, after sliding 6.6 percent - the most since January 2017 - in the previous session.

Source : Kitco


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