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Gold futures settle at 3-month low

Friday, 8 November 2019 02:18 WIB

GOLDEMAS Spot Emas

Gold futures suffered a hefty drop on Thursday, to settle at their lowest since early August. Renewed optimism about a near-term, partial U.S.-China trade agreement stirred a rise in debt yields and the U.S. stock market, dulling the appeal of precious metals.

December gold dropped $26.70, or 1.8%, to settle at $1,466.40 an ounce. That was the lowest most-active contract finish since Aug. 2, according to FactSet data.

Source : MarketWatch

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