Gold futures end at lowest since December, down 1.5% for the week

Friday, 19 April 2019 01:29 WIB



Gold futures posted a modest decline on Thursday, to tally a loss of 1.5% for the week. "U.S. dollar strength, enhanced not only by economic data but release of the Mueller report is going to keep a lid on gold in the short term," said Jeff Wright, executive vice president of GoldMining Inc.

June gold lost 80 cents, or less than 0.1%, to settle at $1,276 an ounce on Comex. That was the lowest finish for a most-active contract since Dec. 26, according to FactSet data. Gold trading will be closed for Good Friday.

Silver was little changed at $14.99 per ounce. Platinum rose 1.5 percent to $896.18, its highest in about a week. Palladium was up 0.7 percent at $1,411.08, having earlier climbed to its highest in two weeks at $1,417.50, putting the autocatalyst metal on track for its best week in five.

Source : MarketWatch


  • Gold prices were steady on Tuesday as investors adopted a wait-and-see approach ahead of the U.S. Federal Reserve’s two-day monetary policy meeting, when the central bank is widely expected to cut int...



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