Gold Rebounds After Plunge as Trade Woes Clip Equities
Monday, 18 June 2018 21:21 WIB | PRECIOUS METALS |GOLDEMASBullionEmas berjangka
Gold futures rebound after slumping on Friday by the most in 18 months as deepening trade tension between the U.S. and China sent global equities tumbling for a fourth straight session.
Bullion for delivery in Aug. added 0.3% to $1,282.60/oz at 10:10 am on Comex in N.Y. On Friday, prices slumped as much as 2.3% to lowest this year; futures posted biggest loss since Dec. 2016.
Bloomberg Dollar Spot Index little changed, after rose 1.4% last week as Federal Reserve says it will gradually hike rates while ECB rules outincreased until 2H of 2019.
In other precious metals, silver futures also rose on Comex. Palladium and platinum futures gained on N.Y. Mercantile Exchange.
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