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Gold is heading for the biggest weekly drop in two and a half years

2019-11-08T08:49:55.839Z


LONDON (Reuters) - Gold prices are headed for the biggest weekly drop in two and a half years as the rally boosts


London-Sana

Gold prices are headed for the biggest weekly drop in two and a half years as optimism about a US-China trade deal boosts risk appetite.

Spot gold traded at $ 1,468.86 an ounce, almost unchanged, heading towards the biggest weekly drop since May 2017, while US gold futures rose 0.2 percent to $ 1,470.10 an ounce, Reuters reported.

As for other precious metals, silver fell 0.8 percent to $ 16.98 an ounce and is heading towards a decline of about 6 percent since the beginning of the week, the largest decline since July 2017.

Platinum fell 0.4 percent to $ 905.1 an ounce and is heading down more than 4 percent a week, and palladium lost 0.2 percent to $ 1,797.68 an ounce.

Source: sena

All business articles on 2019-11-08

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