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Gold settles at a more than 6-year high, up nearly 3% for the week

Saturday, 3 August 2019 01:08 WIB

GOLDEMAS Spot Emas

Gold futures settled at a more than six-year high on Friday, with the most-active contract up 2.7% for the week. U.S. President Donald Trump's plan to implement new tariffs on Chinese goods next month worsened tensions between the two nations, lifting haven demand for the precious metal.

December gold rose $25.10, or 1.8%, to settle at $1,457.50 on Comex. That was the highest finish for a most-active contract since May 9, 2013, according to FactSet data.

Source : MarketWatch

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