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Gold Lower, at Risk For a Third Straight Session Loss
Thursday, 12 July 2018 19:03 WIB | PRECIOUS METALS |GOLDEMASBullion

Gold saw muted trade early Thursday, with the yellow metal on track to edge lower for a third straight session as global stocks tipped higher.

Action was more subdued a day after a fresh round of global trade-war worries sent assets perceived as risky swooning and the dollar rallying.

August gold slipped by $1, or less than 0.1%, at $1,243.50 an ounce, after losing 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, is on track to fall by more than 1% so far this week, with gold futures set for a similar weekly slump.

Source : Marketwatch

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