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Gold Futures Mark First Climb in 4 Sessions


Thursday, 24 October 2019 01:20 WIB

GOLDEMAS


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Gold futures climbed on Wednesday to mark their first gain in four sessions, with prices settling at their highest in nearly a week.

"As investors grow weary waiting for a resolution to the Brexit saga, they are bound to fall back on their flight-to-safety mantra as they let the U.K. political uncertainties play out," said Han Tan, market analyst at FXTM. Also, "although investors' hopes over the U.S.-China 'phase-one' trade deal have dampened bullion of late, overarching concerns over the state of the global economy are expected to keep gold elevated going into next year."

December gold rose $8.20, or 0.6%, to settle at $1,495.70 an ounce. That was the highest most-active contract finish since Oct. 17, according to FactSet data.

Source : Marketwatch


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