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Gold Hits 6-Year High on Rate Outlook; Silver Climbs


Friday, 19 July 2019 09:25 WIB

GOLDEMAS


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Gold touched a fresh six-year high amid dovish comments from Federal Reserve officials and increased Middle East tensions. Silver heads for the biggest weekly gain since July 2016.

Both metals gained after two senior Federal Reserve officials stressed the need to act quickly if the U.S. economy looked likely to stumble. Investors are also weighing tensions between U.S. and Iran as President Donald Trump said the U.S. “immediately destroyed” an Iranian drone that approached the USS Boxer near the Strait of Hormuz.

Spot gold -0.2% to $1,442.61/oz at 8:35am in Singapore.

Source : Bloomberg


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