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Gold Holds Decline on Signs of U.S. Economy Strength
Monday, 21 January 2019 09:55 WIB | PRECIOUS METALS |GOLDEMAS

Gold held a drop as the dollar gained amid signs of strength in the U.S. economy and on optimism steps are being taken toward a U.S.-China trade truce.

Data on Friday showed U.S. factory production expanded in December by the most in 10 months. A separate report said that China had offered to buy more U.S. goods to eliminate the trade imbalance.

Still, some risk aversion in markets spurred investors to pour into bullion-backed exchange-traded funds. Holdings in gold ETFs rose to the highest level since April 2013 as of Friday.

Spot gold +0.1% to $1,283.18/oz at 9:13am in Singapore; -0.8% Friday.

Source : Bloomberg

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