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Gold prices edge up on trade talk hopes, but Fed stance caps gains


Friday, 22 February 2019 09:17 WIB

GOLDEMAS Spot EmasSpot Gold


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Gold inched up on Friday as optimism over U.S.-China trade talks pressured the dollar, but signs the U.S. Federal Reserve could raise interest rates again this year kept prices below 10-month highs hit this week.

Spot gold had risen 0.11 percent to $1,324.63 per ounce by 0053 GMT, after touching its strongest in 10 months on Wednesday at $1,346.73. U.S. gold futures were steady at $1,327.5 per ounce.

The dollar index against a basket of six major currencies was little changed at 96.582 after edging up about 0.15 percent overnight when long-term Treasury yields surged to a one-week high amid news of progress in U.S.-China trade talks.

Top U.S. and Chinese trade negotiators resumed high-level talks on Thursday to hash out a deal that could end their trade war, just over a week before a U.S.-imposed deadline to reach agreement expires and triggers a new round of tariffs

Source : Reuters


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