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Gold Gains Ahead of U.S. Jobs Data as Dollar Slips

Thursday, 4 July 2019 09:22 WIB

GOLDEMAS Spot Emas

Gold advanced ahead of U.S. jobs numbers due Friday that could give further clarity on the Federal Reserve’s interest rate path, while the dollar slipped amid President Donald Trump's comments on Chinese and European currency manipulation.

Bullion, which is holding near a six-year high, may be buoyed by a series of appointments to the Fed and European Central Bank that traders view as likely advocates of further stimulus. U.S. equities closed at a record on Wednesday, while markets are shut Thursday for the Independence Day holiday.

Spot gold +0.2% to $1,421.55/oz at 9:52am in Singapore. Prices touched $1,439.21 on June 25, highest since 2013.

Source : Bloomberg

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