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Gold Prices Aim for Back-to-Back Gain as Dollar and Bond Yields Retreat


Thursday, 16 January 2020 20:10 WIB

GOLDEMAS


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Gold futures on Thursday headed for their highest close in about a week, extending a climb from Wednesday following the completion of the first stage in a trade pact between the U.S. and China.

Gold for February delivery on Comex edged up $3.30, or 0.2%, at $1,556.80 an ounce, after the metal settled 0.6% higher a day ago. Gold is on pace for its best gain since Jan. 10, according to FactSet data.

March silver, meanwhile, picked up 4 cents, or 0.2%, at $18.025 an ounce, after gold’s sister metal rose 1.4% on Wednesday.

Yields for the 10-year benchmark note were at 1.78%, while the dollar, as measured by the ICE U.S. Dollar Index was off about 0.1% at 97.114.

Source : Marketwatch


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