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Gold rises as 'phase one' trade deal doubts persist


Friday, 22 November 2019 20:17 WIB

GOLD


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Gold prices were on track for a second straight weekly gain on Friday, as uncertainties about the fate of a “phase one” trade deal between the United States and China lingered.

Spot gold inched 0.4% higher to $1,470.46 per ounce. The metal has gained about 0.3% in the week, after a 0.6% rise last week.U.S. gold futures climbed 0.5% to $1,470.70 per ounce.

Amongst other precious metals, silver rose 0.6% to $17.21 per ounce. Platinum dipped 0.3% to $912.41, but has so far gained about 2.7% this week.

Palladium was up 0.5% at $1,768.91 per ounce, on track for its best week since mid-September.

Source: CNBC


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