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Gold Edges Higher, But Faces Worst Week in Two Months


Friday, 17 January 2020 19:32 WIB

GOLDEMAS


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Gold prices edged higher on Friday, but was still on track to post its biggest weekly decline in about two months as solid Chinese data and a preliminary U.S.-China trade deal improved risk appetite.

World shares hit record highs after data showed China's economy was stabilizing and the world's second-largest economy ended 2019 on a somewhat firmer note as the trade truce revived business confidence.

Spot gold rose 0.3% to $1,556.56 per ounce, but was heading for a weekly drop of about 0.4% - its biggest since the week ended Nov. 8. U.S. gold futures rose 0.4% to $1,556.70.

Source : Reuters


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