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Gold Extends Fall as Fading Mideast Tensions Boost Risk Appetite

Friday, 10 January 2020 19:17 WIB

GOLDEMAS

Gold dipped on Friday and held on track for its first weekly decline in five as easing tensions in the Middle East rekindled risk appetite.

Spot gold was down 0.15% at $1,550.22 per ounce, having fallen as much as 1% on Thursday to its lowest since Jan. 3 at $1,539.78. U.S. gold futures were 0.3% lower at $1,551.20 per ounce.

World stocks were on track for new highs, driven by the thaw in U.S.-Iran tensions. Further boosting risk sentiment, the U.S. House of Representatives on Thursday passed a resolution to stop U.S. President Donald Trump from further military action against Iran.

Source : Reuters

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