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Gold Holds Advance as Trade War Spurs Growth Concerns


Friday, 24 May 2019 16:42 WIB

GOLDEMAS


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Gold held much of Thursday’s gain, heading for a weekly advance, as escalating trade tensions between the U.S. and China damped the outlook for growth.

Spot gold -0.1% at $1,281.60/oz in London; after +0.8% Thursday. Price +0.3% this week. Bloomberg Dollar Spot Index flat.

Global stocks retreated for a third week and yields on 10-year Treasuries are near the lowest since 2017, helping to support the precious metal. Still, bullion has been pressured by a stronger dollar and traders and analysts were neutral on their outlook for gold in a weekly Bloomberg survey.

Source : Bloomberg


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