The Price Of Gold Slipped Along With The Decline Of The U.S. Dollar
The price of gold slumped on Tuesday (29/5) though ASdiperdagangkan dollar slightly lower against a basket of major currencies. Gold Futures for December delivery on the Comex Division of the New York Mercantile Exchange was down $5.7, or 0.4%, amounting to be $1,298.0 per ounce at 04:42 GMT.
The price of gold eased from the level of $1,307.80 reached on Friday (25/5) because the US President Donald Trump appeared to confirm on Monday (28/5) that Summit with North Korea's leader Kim Jong-un to currently be on track, some day After withdrawing from the meeting at the weekend.
Meanwhile, Prime Minister Shinzo Abe planned to meet with the US President Donald Trump at the G-7 Conference in Quebec on June 8-9, reports on Tuesday (29/5) suggested, adding that the President of South Korea, Moon Jae-in is being considering to travel to Singapore for a three-way SUMMIT with North Korea's leader Kim Jong-un and Trump in the next month.
The U.S. dollar index, which measures kekuatangreenback against a basket of six major currencies and then stand at 94.32, down 0.03%. The dollar index rose to the highest level this year at the level of 94.43.
"Precious metals would be consolidating above the $1,300 level to proceed further improvement, while support on the underside sitting around the $1.295 level. News about concern Italy also gave little support but it is a minor factor today, "said trader MKS Samuel Laughlin who issued the statement in a note.
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