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Gold lower and risks weekly loss, on upbeat U.S. economic data


Saturday, 18 May 2019 01:10 WIB

GOLDEMAS


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Gold futures fell Friday, building on a loss for the week, on the back of a jump in U.S. consumer sentiment and a slightly firmer dollar.

June gold on Comex was off $9.50, or 0.7%, at $1,276.70 an ounce. Prices were headed for the lowest most-active contract finish since May 2, according to FactSet data. Declines leave the metal headed for a roughly 0.8% loss for the week.

Among other metals, July silver declined 14.4 cents, or 1%, to $14.395 an ounce. The silver market was looking at a weekly loss of 2.7%. July copper fell a penny, or 0.4%, to $2.738 a pound. It was down over 1% for the week.

Source: Marketwatch


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