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Gold Heads for 4th Weekly Drop as Trade Deal in Sight


Thursday, 18 April 2019 10:54 WIB

GOLDEMAS


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Gold headed for the longest run of weekly declines in eight months amid speculation the U.S. and China are nearing a trade deal and as data eased concern over slowing global growth, hurting demand for havens.

Spot gold as much as -0.2% to $1,271.94/oz, lowest since Dec. 27, and trades at $1,272.50 at 10:01am in Singapore.

Metal -1.4% this week, poised for fourth straight week of losses.

Other precious metals: Spot silver -0.1%. Platinum -0.2%. Palladium -0.3%

Source: Bloomberg


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