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Gold Firm But Hemmed in Tight Range; Set For Worst Week in 2 Months


Friday, 17 January 2020 17:22 WIB

GOLDEMAS


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Gold prices edged higher on Friday but traded in a tight range as investors stayed on the sidelines in the absence of news  catalysts.

The metal, however, was on track to post its biggest weekly drop in two months, as a long awaited U.S.-China Phase 1 trade deal fueled risk appetite.

Spot gold rose 0.2% to $1,555.14 per ounce by 06:02 GMT, heading for a weekly drop of 0.4% — its biggest since the week ended Nov. 8. U.S. gold futures rose 0.4% to $1,556.90.

Source : CNBC


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