Monday, 16 September 2019
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Gold Near 1-Year Low as Technicals Point Bearish
Monday, 6 August 2018 17:56 WIB | PRECIOUS METALS |GOLDEMASEmas BullionSILVER

Gold technicals are still œrelatively bearish, according to Benjamin Lu, Singapore-based analyst at Phillip Futures, and the latest CFTC data showed money managers are increasingly negative.

Bullion for immediate delivery fell 0.3% to $1,212.17/oz.

Prices slumped 0.8% last week, a fourth weekly loss.

In other precious metals: Silver -0.3% to $15.3693/oz, Platinum +0.1% to $831.70/oz, Palladium flat at $912.97/oz. (arl)

Source : Bloomberg

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