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Gold Holds Weekly Drop as Dollar Steadies Amid Trade
Monday, 20 May 2019 12:58 WIB | PRECIOUS METALS |GOLDEMAS

Gold held a weekly loss as the dollar steadied and markets remained fragile after the escalation in the U.S.-China trade war.

The U.S. will release data this week from home sales to manufacturing and may offer some clues on the robustness of the economic expansion. The Federal Reserve will also publish minutes from the latest policy meeting.

Spot gold -0.1% at $1,276.73/oz at 10:40am in Singapore, after dropping 0.7% last week. Bloomberg Dollar Spot Index steady, after +0.8% last week.

Other precious metals: Spot silver +0.2%. Palladium +0.3%. Platinum +0.4%.

Source: Bloomberg

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