Gold edges lower as stock-market attempts bounce

Thursday, 15 August 2019 20:43 WIB



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


  • Gold prices notched a slight gain Thursday as investors focused on intensifying friction between the U.S. and China. Continued concerns about negative interest rates and a jump in flows in exchange-tr...



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