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Gold turns lower for week after upbeat U.S. economic data


Friday, 17 May 2019 01:29 WIB

GOLDEMAS Spot EmasSILVER


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Gold futures moved sharply lower Thursday, registering their lowest finish in a week, pressured by a batch of upbeat U.S. domestic data as equities traded broadly higher, dulling the appeal of the haven metal.

June gold on Comex was off $11.60, or 0.9%, to settle at $1,286.20 an ounce, with front-month contract prices posting their lowest settlement since May 9, FactSet data show. July silver declined 27.3 cents, or 1.8%, to $14.539 an ounce. Gold turned lower for the week, trading down nearly 0.1%, while silver was looking at a weekly loss of 1.6%.

Source : MarketWatch


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