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Gold struggles as dollar trades at more-than-2-year high


Friday, 27 September 2019 19:39 WIB

GOLDEMASSILVER


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Gold was lower Friday, heading for a weekly loss, as it failed to find haven-related support and the U.S. dollar continued to push higher.

Gold for December delivery  on Comex declined $14.70, or 1%, to $1,500.50 an ounce, while December silver was off 37.7 cents, or 2.1%, at $17.535 an ounce.

The metal, a traditional haven, has lost ground despite a new round of U.S. political drama. A whistleblower report released on Thursday alleged that President Donald Trump attempted to coerce Ukraine to investigate Democratic rival Joe Biden, and that White House officials acted to conceal evidence of his actions. The controversy around the report prompted House Democrats this week to launch a formal impeachment inquiry. Indeed, markets overall have seen only a fleeting impact overall.

Source : MarketWatch


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