Gold futures prices inched up from the two-week lows hit to wrap up last week, with both the dollar and stocks pointing lower Monday.
A narrow trading band continues to hamper significant moves for the haven metal, which typically might draw strong demand based on concern for a prolonged trade war that keeps risk markets, including stocks, in flux. Instead, gold futures prices logged a weekly loss of 0.9% last week on the back of a jump in U.S. consumer sentiment and a slightly firmer dollar.
Early Monday, June gold on Comex was up $1.70, or 0.1%, at $1,276.30 an ounce. It finished Friday at $1,275.70, the lowest most-active contract finish since May 2, according to FactSet data.
Source : Marketwatch