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Gold steady as disappointing U.S. retail sales weigh on risk appetite


Thursday, 17 October 2019 08:50 WIB

GOLDEMAS Spot Emas


Gold prices held steady on Thursday as weak United States retail sales data fanned concerns that the country's economy may be feeling the pinch of the long-drawn trade war with China, while palladium held close to a record high hit the previous day.

Spot gold inched 0.1% higher to $1,490.37 per ounce as of 00:44 GMT. U.S. gold futures rose 0.1% to $1,495.60.

U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.

Source : Reuters


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