Gold heads for weekly advance after President Donald Trump cancels summit with North Korean leader Kim Jong Un, sparking move to haven assets.
Bullion for immediate delivery -0.2% to $1,302.25/oz at 9:06am in Singapore, after +0.9% Thurs, biggest daily gain since April 11.
Other precious metals, Silver -0.2% to $16.6349/oz; +1.1% this week. Platinum -0.1% to $909.88/oz; +2.5% this week, most since mid-Feb. Palladium -0.1% to $975.68/oz; +0.8% this week.
Gold prices stabilized Friday above the closely watched $1,300 line, heading for a roughly 1% weekly gain. Investors awaited a round of economic data and remarks by Federal Reserve head Jerome Powell after a largely dovish set of Fed meeting minutes this week had already helped the metal claw up from the worst levels of the year.
Activity may be lighter than normal ahead of a three-day weekend, with markets shut on Monday for Memorial Day.
June gold was little changed near $1,304.40 an...
Hong Kong shares opened lower on Friday morning as investors were spooked by news that Donald Trump had called off a historic summit with North Korean leader Kim Jong Un.
The Hang Seng Index eased 0.31 percent, or 96.14 points, lower at 30,664.27.
And the benchmark Shanghai Composite Index gave up 0.20 percent, or 6.24 points, to 3,148.41, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, edged down 0.09 percent, or 1.62 points, to 1,825.43.
Source : AFP
Gold heads for weekly rise after President Donald Trump cancels summit with North Korea™s Kim Jong Un, sparking haven demand.
Bullion for immediate delivery -0.1% to $1,302.98/oz at 2:44pm in Singapore, after +0.9% Thurs, biggest daily gain since April 11.
Other precious metals, Silver -0.4% to $16.6057/oz; +1% this week. Platinum +0.1% to $911.17/oz; +2.7% this week, most since mid-Feb. Palladium +0.1% to $976.99/oz; +1% this week.
Source : Bloomberg
Gold heads for its biggest weekly increase since mid-April as traders weigh political developments around the world, supporting demand for a haven.
Bullion for immediate delivery little changed at $1,305.34/oz in London. Price up almost 1% this week
Gold +0.9% Thursday, most since April 11. Bloomberg Dollar Spot Index -0.3% this week, snapping 5-week gain;yield on 10-year Treasuries declines
Other precious metals : Silver little changed at $16.6548/oz; +1.3%...