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Gold Caught in Tight Range as Traders Look for Drivers


Friday, 20 December 2019 17:46 WIB

GOLDEMAS


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Gold continued to drift in a narrow trading range as investors awaited fresh data from the U.S. for potential drivers.

So far this week, bullion has traded in a range of just over $11 an ounce, as investors weigh near-record stock levels and conflicting macro data as the year draws to an end. Gold edged up slightly on Thursday after several U.S. economic indicators trailed estimates. Data due later Friday includes U.S. GDP figures.

In other metals, palladium headed for a fifth weekly gain after touching a new record on Tuesday. Platinum is set for a sixth weekly gain, the longest streak of gains in almost two years.

Spot gold held steady at $1,477.26/oz in London, inching up 0.1% so far this week.

Source : Bloomberg


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