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Gold Pulls Back But Set to End the Week Sharply Higher
Friday, 12 October 2018 20:14 WIB | PRECIOUS METALS |GOLDEMASEmas berjangka

Gold prices on Friday pulled back from their highest level in more than two months as global stocks attempted to rebound from a two-day downturn that had driven investors to the perceived safety of the precious metal.

December gold was down $1, or 0.1%, at $1,226.60 an ounce, a day after its highest finish since Aug. 1 for a most-active contract, according to FactSet data. Meanwhile, December silver rose 4 cents, or 0.3%, at $14.65 an ounce, following a 2% gain on Thursday.

For the week, gold was on track to climb 1.6%, while silver was set to end the week virtually unchanged, based on last Friday™s settlements for the contracts.

On Friday, one popular measure of the buck, the ICE U.S. Dollar Index was up 0.1% at 95.15. Still, investors were offering guarded enthusiasm for precious metals.

Source : Marketwatch

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