View full page at metalsmine.com

 

Gold holds firm on trade, growth worries; heads for weekly fall

From af.reuters.com

Gold held steady on Friday on worries that a prolonged Sino-U.S. trade war could worsen global economic slowdown, but a strong dollar put bullion on track for its first weekly loss in three. Spot gold was steady at $1,309.24 per ounce, as of 0553 GMT, after the metal hit its lowest since Jan. 29 at $1,302.11 on Thursday. U.S. gold futures were also unchanged at $1,313.20. U.S. President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal. The two countries had taken a 90-day hiatus in their trade war to work ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis