Commodities

Gold logs modest weekly losses

2019-04-12 21:54:04 GMT (Economies.com)

Gold prices rose during the day supported by the decline of the dollar against most major currencies, which eased the pressure on commodities, but the precious metal recorded minor losses.

 

Economic data showed consumer confidence in the United States fell this month after the impact of tax cuts faded.

 

On the other hand, by 17:35 GMT, the dollar index (against a number of major currencies) fell by 0.3% to 96.8 points, reaching a high of 97.1 points and a low of 96.7 points.

 

The European Union has threatened to draw up a list of US imports worth about 20 billion euros that could be targeted by tariffs if Trump carries out his threats to impose tariffs on $11 billion worth of European Union products.

 

Meanwhile, Gold futures (June delivery) rose by 0.2% or $1.90 and closed at $1,295.2 an ounce. The precious metal hit a day high of $1299.1 and a low of $1293.7. While the metal posted weekly losses by about 40 cents.

More News

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.