Gold Holds Over $1,500, Ends With Biggest Weekly Gain Since June
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Gold futures held above $1,500 an ounce despite a second daily loss, while silver closed near a 14-month high.

Both metals have rallied amid worries about the global economic outlook and as central banks around the world continue to cut interest rates. The ongoing trade war between the U.S. and China has also increased demand for haven assets, with traders and analysts in Bloomberg’s weekly survey mostly bullish on their outlook for gold.

“The genie is out of the bottle, and all the people waiting on the sidelines are rushing to buy,” said Adrian Day, president of Adrian Day Asset Management. “Clearly, at some point, the stock market will turn around, the U.S. and China could even make a trade agreement, and things will calm down. Then we shall see some profit-taking, but for now, I think gold will continue to rise.”

Further signs of a global economic slowdown were evident on Friday as the U.K. unexpectedly registered its first economic contraction since the aftermath of the financial crisis. In the U.S., a measure of underlying U.S. producer prices fell in July for the first drop since early 2017, adding to signs of muted inflation that may reinforce the case for further Federal Reserve easing. The S&P 500 index fell as investors again fretted over an escalation of trade tensions with China.

https://bloom.bg/2YYLdfC

Berarti saat ekonomi dunia membaik, harga gold akan kembali hancur :joy: :joy: :joy:

$ANTM $MDKA $IHSG