Tuesday, 17 July 2018
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Gold notches a gain after back-to-back session declines
Friday, 13 July 2018 01:24 WIB | PRECIOUS METALS |GOLDEMAS SPDR Gold Trust

Gold prices ended higher Thursday, finding some support a day after a fresh round of global trade-war worries buoyed the dollar and sent the yellow metal to a more than one-week low.

August gold tacked on $2.20, or 0.2%, to settle at $1,246.60 an ounce. It lost 0.9% on Wednesday, marking its lowest settlement since July 2 for a most-active contract. A popular fund tracking gold, the SPDR Gold Shares meanwhile, was on track to fall by nearly 0.8% so far this week, with gold futures set for a similar weekly slump.

In recent weeks, the dollar has been the most significant influence for bullion, market participants say. The ICE U.S. Dollar Index a measure of the buck against a half-dozen monetary units, climbed by less than 0.1% Wednesday, though it was on pace for a weekly rise of around 0.8%.

Source : Marketwatch

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