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Gold hits highest in more than a week; dollar, stocks retreat


Wednesday, 10 April 2019 01:35 WIB

GOLDEMAS Spot Emas


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Gold rose to its highest in more than a week on Tuesday as the dollar and equities weakened after the International Monetary Fund cut its global economic growth forecasts for the year, with increased buying by central banks lending further support.

Spot gold rose 0.5 percent to $1,303.98 per ounce, having hit its highest since March 28 at $1,306.09. U.S. gold futures settled $6.40 higher at $1,308.30.

Among other precious metals, spot platinum slipped 1.5 percent to $891.75 per ounce. The metal had touched its highest since May 2018 in the previous session.

Palladium was up 0.2 percent at $1,386.01 per ounce, while silver dropped 0.1 percent to $15.23.

Source : Reuters


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