DJIA39807.37
LIVE47.29(0.12%)
NDX18254.69
LIVE-26.15(-0.14%)

Gold treads water as trade optimism lifts risk assets


Friday, 13 September 2019 10:02 WIB

GOLDEMAS Spot EmasPalladium


Gold prices were little changed on Friday, on track for a third weekly decline as optimism over the U.S.-China trade talk fanned risk sentiment, while palladium hovered around a record peak on concerns about tight supplies of the autocatalyst metal.

Spot gold was trading flat at $1,497.81 per ounce, as of 01:05 GMT. Prices have dropped about 0.6% so far this week, poised for a third consecutive weekly decline. U.S. gold futures dropped 0.1% to $1,505.50.

Palladium hit a record peak of $1,621.55 on Thursday on concerns over tight supplies due to possible labour issues in South African mines. The metal dropped 0.5% to $1,609.85 in early trade.

Hopes of progressing trade talks kept risk appetite up, after U.S. President Donald Trump said on Thursday he preferred a comprehensive trade deal with China but did not rule out the possibility of an interim pact, even as he said an “easy” agreement would not be possible.

Source : Reuters


RELATED NEWS

  • Silver held around $23 per ounce, not far from the 1-month low touched on September 14th, pressured by the Fed's hawkish pause, the potential U.S. government shutdown, and renewed concerns about indus...
  • Silver held around $23 per ounce, pressured by stronger dollar and higher Treasury Yields following the Fed's hawkish stance, as the regulator signaled one more hike and a slower monetary easing. Sti...
  • Silver decreased to a 4-week low of 22.6 USD/t.oz, pressured by a strength in the US dollar as signs of resilience in the US economy supported the outlook for the Federal Reserve to maintain borrowing...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.