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Gold edges lower as stock-market attempts bounce


Thursday, 15 August 2019 20:43 WIB

GOLDEMASSILVER


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Gold edged lower early Thursday, pulling back from a more-than-six year high, as haven-related buying took a pause with stocks looking to take back some of the ground lost in the previous session's rout.

Gold for December delivery fell $5.60, or 0.4%, to $1,522.20 an ounce, while September silver was down 15 cents, or 0.9%, at $17.13 an ounce.

Gold weakened as stock-index futures rebounded from earlier losses, signaling Wall Street was set to attempt a bounceback from a Wednesday rout inspired by growing recession fears tied to weak economic data out of Europe and China, and amplified by an inversion of the main measure of the U.S. yield curve, which is seen as a recession warning signal.

Source : MarketWatch


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