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Gold rebounds from near 4-month low, oil rally lends support


Monday, 22 April 2019 13:26 WIB

GOLDEMAS Spot EmasSILVER


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Gold prices rebounded on Monday from a near four-month trough hit in the previous session as investors resumed trading after the Easter holiday, with the bullion gaining further traction on higher crude rates.

Spot gold was up 0.3 percent at $1,278.86 per ounce, as of 05.38 GMT, having touched $1,270.63 in the previous session - its lowest since Dec. 27, 2018.

The metal dropped 1.2 percent in the previous week, marking a fourth consecutive weekly decline. U.S. gold futures climbed 0.4 percent to $1,280.90 an ounce.

Elsewhere, silver rose 0.8 percent to $15.05 per ounce. Palladium shed 0.1 percent to $1,420.52, having earlier climbed to its highest in over two weeks at $1,424.51.

Source : Reuters


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