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Gold renews climb, spurred on by weaker stocks and worrisome geopolitical headlines


Wednesday, 12 June 2019 19:58 WIB

GOLDEMAS Spot EmasSILVER


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Gold prices advanced Wednesday, as bulls tried for back-to-back gains after a sharp tumble to start the week. Haven precious metals were largely tracking weaker equities and global headlines emphasizing trade-war uncertainty, tensions in the Middle East and protests in Hong Kong.

Gold for June delivery on Comex was up $4.80, or 0.4%, at $1,331.20 an ounce. Futures prices are up roughly 1.9% month to date. The SPDR Gold Shares exchange-traded fund was trading up 0.5% early Wednesday.

In other metals trade, July silver which serves as both a haven asset and has industrial purpose, edged up 4 cents, or 0.2%, to $14.775 an ounce.

Source : MarketWatch


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