Gold holds near one-month peak as dollar and stock markets soften
Gold hit its highest since May 1 on Friday at $1,269.50 an ounce, as nervousness over U.S. President Donald Trump’s negotiations with other world leaders at the G7 summit prompted investors to buy bullion as an alternative to nominally higher-risk assets such as shares. Spot gold was up 0.1 percent at $1,267.74 an ounce at 1005 GMT, with U.S. gold futures for June delivery down 0.1 percent at $1,267.30. A 0.1 percent retreat in the dollar index underpinned prices, but moves were muted, with traders in the United States, London and China all out for national holidays.
Source:: https://finance.yahoo.com/news/gold-holds-near-four-week-033933760.html
