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Gold Prices See Subdued Rise, Buoyed By Weaker Dollar As Stocks Rally


Tuesday, 2 June 2020 19:23 WIB

GOLDEMAS


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Gold futures on Tuesday were edging higher on the back of a weaker U.S. dollar, with gains capped by the precious metal by a global rise in assets perceived as risky like stocks.

Commodity experts say that the yellow metal has enjoyed haven bids as investors remain wary of rising Sino-American trade tensions even as the economies reopening from forced closures due to the COVID-19 pandemic has dulled some of the safe-haven luster from the commodity.

Gold for August delivery on Comex was up $1.90, or 0.1%, at $1,752.20 an ounce after declining by less than 0.1% on Monday. July silver shed 3 cents, or 0.1%, at $18.810 an ounce, following a 1.8% rise for the metal in the previous session.

Source : Market Watch


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