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Gold Tops $1,500, on Track For Highest Finish in Two Weeks


Friday, 25 October 2019 01:47 WIB

GOLDEMAS


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Gold prices climbed above the key $1,500 mark on Thursday to mark their highest finish in about two weeks, as a monthly drop in U.S. durable goods orders buoyed haven appeal for the metal.

Prices had edged lower in early dealings as global stocks traded higher on better-than-expected quarterly earnings results and traders weighed the final policy update from European Central Bank President Mario Draghi. U.S. benchmark stock indexes, however, saw mixed trading as gold futures settled Thursday.

December gold on Comex tacked on $9, or 0.6%, to settle at $1,504.70 an ounce, after posting a 0.6% gain Wednesday. Prices for the most-active saw their highest settlement since Oct. 9, according to FactSet data.

Silver for December delivery meanwhile, added 22.4 cents, or 1.3%, to reach $17.804 an ounce, following a gain of 0.5% on Wednesday.

Source : Marketwatch


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