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Gold ends higher as global stock markets pull back
Tuesday, 14 November 2017 02:57 WIB | PRECIOUS METALS |GOLDEMASEmas berjangka

Gold futures ended modestly higher Monday to recoup some of their recent losses, as investors retreated somewhat from purchasing assets perceived as risky, like global stocks.

December gold gained $4.70, or 0.4%, to settle at $1,278.90 an ounce. The contract retreated sharply to finish at $1,274.20 an ounce Friday, down roughly 1% for its biggest one-day drop in roughly two weeks. That move came a day after gold posted its highest finish since Oct. 16, according to FactSet data. The exchange-traded SPDR Gold Trust gained 0.3% in Monday trading.

The ICE U.S. Dollar Index which measures the buck against six rivals, edged up by 0.1% to 94.51. The index fell sharply late last week, logging its biggest decline since Oct. 10 on Thursday, according to FactSet data. That move came as the Senate™s tax-cut proposal underwhelmed markets, providing a lift to commodities priced in the currency.

Source: Marketwatch

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