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Gold ends lower, but clings to weekly advance on global trade tensions
Gold futures finished in the red on Friday as the dollar showed a modicum of strength, but intensifying global trade disputes limited losses for bullion, allowing the commodity to hold onto a gain for the week. Price action “suggests that the yellow metal needs a fresh catalyst for its next major move,” said Lukman Otunuga, research analyst at FXTM. Global trade disputes flared up as a meeting of leaders from the Group of Seven industrialized nations got under way in Canada.
https://finance.yahoo.com/m/c783ab2...53/gold-ends-lower,-but-clings.html?.tsrc=rss
Gold futures finished in the red on Friday as the dollar showed a modicum of strength, but intensifying global trade disputes limited losses for bullion, allowing the commodity to hold onto a gain for the week. Price action “suggests that the yellow metal needs a fresh catalyst for its next major move,” said Lukman Otunuga, research analyst at FXTM. Global trade disputes flared up as a meeting of leaders from the Group of Seven industrialized nations got under way in Canada.
https://finance.yahoo.com/m/c783ab2...53/gold-ends-lower,-but-clings.html?.tsrc=rss
