Commodities

Gold rises after weak data

2019-02-16 04:26:57 GMT (Economies.com)

Gold prices rose as the dollar steadied following weak US data that prompted demand on safe havens. 

 

Earlier US data showed imports fell 0.5% last month, with industrial output falling as well. 

 

The dollar index steadied at 97.06, with an intraday high at 97.3, and a low at 97.02. 

 

US President Trump said his administration is still not near a full trade agreement with China. 

 

He nonetheless asserted negotiations are going very well, with financial markets improving in response and nearing recent record highs. 

 

As of 18:06 GMT, gold rose 0.5% to $1,320 an ounce, with a session-high at $1,323.1, and a low at $1,314.3. 

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