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Gold attempts to halt 3-session slide and creeps back toward $1,500


Wednesday, 23 October 2019 19:32 WIB

GOLDEMASSILVER


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Gold prices enjoyed a fillip from haven buying on Wednesday as a retreat in assets considered risky, amid political uncertainties like Brexit, underpinned gains in the yellow metal. The commodity is attempting to end a three-session stumble that had kept it pinned below $1,500, viewed as a key level by technical traders.

December gold on Comex rose $7.50, or 0.5%, to $1,495 an ounce, after a slight decline of less than 0.1% on Tuesday, while December silver edged 5 cents, or 0.3%, higher at $17.545 an ounce, recovering some of its 0.6% loss from a day ago.

For the week, gold prices are on track for a slight gain of 0.1%, while silver is poised for a slide of less than 0.1%.

In other metals trade, January platinum lost 0.1% to $894 an ounce, while December palladium fell 0.4% to reach $1,721 an ounce.

Source : MarketWatch


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