Gold rises after weak data

2019-02-16 04:26:57 GMT (Economies.com)
Gold rises after weak data

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. 

 
 
 
  Symbol Last Change Chg.%
1.1221
-0.0052
0.4599%
1.2503
-0.0072
0.5722%
16.211
0.993
6.525%
55.748
-4.585
7.600%
62.83
1.06
1.72%
1425.365
9.870
0.697%
 
 
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