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Gold ends higher as global markets retreat ahead of looming U.S.-China trade deadline


Friday, 10 May 2019 02:08 WIB

GOLDEMAS


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Gold futures ended higher Thursday as investors braced for an intensifying Sino-U.S. trade conflict, which could provide a lift to bullion amid markets stricken by international trade fears.

Gold for June delivery gained $3.80, or 0.3%, to settle at $1,285.20 an ounce, recovering much of its $4.20, or 0.3%, loss from the previous session. The precious metal posted its fourth gain in five sessions, according to FactSet data, putting it on track for a weekly rise of about 0.3% based on last Friday’s settlement.

In other metals trading, July silver fell 8.9 cents, or 0.6%, to $14.773 an ounce, with the commodity on track for a 1.3% weekly skid.

Source: Marketwatch


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