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Gold Gains on U.S.-China Worries; Set for a Weekly Drop


Friday, 22 May 2020 09:56 WIB

GOLDEMAS


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Gold prices inched up on Friday, after falling more-than 1% in the previous session, as rising concerns over U.S.-China relations weighed on risk appetite, although the metal still looked to be headed for a weekly loss.

Spot gold climbed 0.1% to $1,727.43 per ounce by 00:29 GMT, but was down about 0.8% for the week so far. U.S. gold futures rose 0.3% to $1,727.00.

Asian shares were set to fall, tracking global equities that dropped after Beijing's plan to impose a new national security legislation on Hong Kong drew a warning from U.S. President Donald Trump.

Source : Reuters


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