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Gold settles with a modest gain, remains pinned below $1,300


Thursday, 16 May 2019 01:07 WIB

GOLDEMAS


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Gold prices finished modestly higher Wednesday, although remained below the psychologically significant price of $1,300, as benchmark U.S. stock indexes shook off earlier losses to move up by the time gold futures settled.

June gold edged up $1.50, or 0.1%, to settle at $1,297.80 an ounce, though finished off the day’s high of $1,301.70.

The SPDR Gold Shares ETF was down less than 0.1% and the gold-miners focused exchange-traded VanEck Vectors Gold Miners ETF GDX, -0.05%  traded little changed.

July silver ended unchanged at $14.812 an ounce, following Tuesday’s 0.2% rise.

Source: Marketwatch


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