Top

Gold gets no traction from haven demand, pinned near 2018 lows

June 19, 2018

Gold futures twisted in mixed action before dropping early Tuesday as potential trade war concerns touched nearly all financial markets.

The yellow metal remained within a whisker of the lowest levels of 2018, plumbed last week when gold shed almost 2% for the week as it bucked what is typically a haven role when markets are roiled.

August gold GCQ8, -0.32% fell $5, or 0.4%, to $1,275.40 an ounce and has ranged between $1,274.40 and $1,286.80 so far Tuesday. July silver SIN8, -0.82% shed 15 cents, or 0.9%, at $16.29 an ounce, after registering a 1.6% weekly decline on Friday and dropping Monday.

Read More on Market Watch