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Gold Gains; Palladium Heads for Worst Week Since Nov.


Friday, 25 January 2019 18:28 WIB

GOLDEMASEmas berjangkaSpot Gold


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Gold rose as investors awaited further clarity on the U.S.-China trade dispute ahead of talks next week. Palladium is poised for the biggest weekly retreat in two months on concern that demand may slow.

Spot gold strengthened 0.1% at $1,283.03/oz; metal little changed on the week as it continues to trade in narrow range so far this year.

Palladium lost 0.4% to extend weekly drop to 4.5%, which would be most since November.

Bloomberg Dollar Spot Index weakened 0.1%.

Secretary of Commerce Wilbur Ross said the world's two biggest economies remain “miles and miles” apart on trade. A Chinese delegation will arrive in Washington on Monday to prepare for further talks.

Fresh negotiations between the Senate and the White House signaled the potential for a deal to end the partial U.S. government shutdown that has so far lasted more than a month.

Source: Bloomberg


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