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Gold Ticks Up Ahead of US GDP Gata, Set For Weekly Drop


Friday, 26 July 2019 09:41 WIB

GOLDEMAS


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Gold prices rebounded on Friday from a sharp decline in the previous session, while investors awaited U.S. economic growth data due later in the day that could provide clues about the Federal Reserve’s monetary policy meeting.

Spot gold was up 0.2% at $1,417.55 per ounce, as of 0130 GMT.

The metal has lost 0.5% so far this week, putting it on track for its first weekly decline in three.

U.S. gold futures edged 0.2% higher to $1,417.10 an ounce.

Gold fell on Thursday after data showed that weekly U.S. jobless claims number fell to a three-month low last week, pointing to strength in the labor market, while new orders for key U.S.-made capital goods surged 1.9 % in June.

Source : Reuters


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