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Gold Claws Back Ground as Treasury Yields Retreat
Thursday, 14 November 2019 21:02 WIB | PRECIOUS METALS |EMASGOLD

Gold futures were modestly higher Thursday, finding support as yields on government debt continue to fall, lowering the opportunity cost of holding the metal.

Gold for December delivery on Comex, rose $7.20, or 0.5%, to $1,470.50 an ounce, a day after snapping a four-day losing streak and rebounding from a more-than-two-month low. December silver rose 6.7 cents, or 0.4%, to $16.98 an ounce.

Analysts said appetite for traditional haven assets amid renewed uncertainty over the outlook for a phase one trade agreement between the U.S. and China was helping to buoy gold.

Source : Market Watch

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