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Gold Gains on Softer Dollar; Focus on U.S.-China Talks


Thursday, 4 April 2019 15:49 WIB

GOLDEMAS Spot Emas


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Gold prices rose on Thursday as the U.S. dollar traded close to a one-week low hit in the previous session, while investors awaited progress on the Sino-U.S. trade negotiations.

Spot gold climbed by 0.2 percent to $1,292.16 per ounce as of 07:56 GMT. U.S. gold futures firmed 0.1 percent at $1,296.80 an ounce.

Any positive development around Sino-U.S. trade tends to be negative for the dollar, which has been the preferred safe-haven during the year-long tariff dispute between the world’s top two economies.

The dollar was trading near one-week low posted in the previous session after data showed U.S. services sector activity hit a more than 19-month low in March and private payrolls grew less than expected.

Source : Reuters


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