Gold edges higher as trade-war worries continue

Monday, 12 August 2019 21:00 WIB



Gold futures edged higher Monday, trading near a six-year high above $1,500-an-ounce set last week, as the U.S.-China trade battle continues and global investors focus on political demonstrations in Hong Kong.

December gold  on Comex rose $7.40, or 0.5%, to $1,515.80 an ounce, while September silver was up 1.9 cent, s or 0.1%, at $16.95 an ounce.

The yellow metal ended with a minor loss on Friday, but logged a 3.5% weekly rise, the strongest since June 21. Stock-market volatility around U.S.-China trade tensions were credited with lifting haven assets, including gold. The potential for early elections in Italy and continued worries over protests in Hong Kong, have also provided support.

In other metals trade, October platinum fell 90 cents, or 0.1%, to $862.90 an ounce, while September palladium rose $3.20, or 0.2%, to $1,422.50 an ounce.

Source : MarketWatch


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