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Gold prices finish lower as some upbeat economic data dull haven demand


Friday, 17 January 2020 02:11 WIB

GOLD


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Gold futures gave up earlier gains to finish lower on Thursday, as some upbeat U.S. economic data dulled haven demand for the precious metal.

Prices also declined on the back of further gains in U.S. benchmark stock indexes, which followed the completion Wednesday of the first stage in a trade pact between the U.S. and China and the Senate approval of the U.S.-Mexico-Canada trade agreement on Thursday.

Gold for February delivery on Comex declined by $3.50, or 0.2%, to settle at $1,550.50 an ounce, trading between a low of $1,548 and high of $1,558.20. Prices settled 0.6% higher a day earlier.

March silver meanwhile, shed 4.9 cents, or 0.3%, at $17.939 an ounce, after rising 1.4% on Wednesday.

Source: Marketwatch


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