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Gold fades as dollar firms, though stock weakness limits metal's loss


Tuesday, 28 May 2019 20:09 WIB

GOLD


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Gold futures prices eased slightly early Tuesday, struggling to build on the weekly gain last week that came with renewed trade-war worries, although even the trade factor has had limited impact in dramatically rallying a haven metal that remains largely tied to the dollar’s moves.

Gold for June delivery on Comex fell $1.50, or 0.1%, to $1,282.10 an ounce, while July silver lost 9 cents, or 0.6%, to $14.47 an ounce. Metals trading was closed Monday for the Memorial Day holiday.

Gold logged a 0.6% weekly rise through last Friday and continues to nurse a slim monthly gain of about 0.2%. Silver added 1.2% for last week, helping to trim its monthly drop so far to a loss of 2.9%.

Source: marketwatch


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