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Gold hits 2-week low on reopening optimism


Wednesday, 27 May 2020 16:50 WIB

GOLDEMAS Spot Emas


Gold eased to a two-week low on Wednesday on optimism about the reopening of the world economy, though rising Sino-U.S. tensions over Beijing's proposed security law for Hong Kong capped losses.

Spot gold was down 0.2% to $1,707.85 per ounce by 07:42 GMT, after hitting its lowest level since May 13 at $1,703 earlier in the session. U.S. gold futures were down 0.5% to $1,697.60.

Elsewhere, Palladium rose 0.6% to $1,967.72 per ounce, platinum gained 0.2% to $831.16. Silver fell 0.4% to $17.04.

Source : Reuters


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