Gold modestly higher as worries over global growth continue

March 22, 2019

Gold continued to push higher Friday, overcoming a stronger U.S. dollar as investors reacted to global growth fears that were underlined by a round of downbeat economic data, as well as the Federal Reserve’s dovish tone earlier this week.

Gold for April delivery GCJ9, +0.34% on Comex rose $5.10, or 0.4%, to $1,312.40 an ounce, while May silver SIK9, -0.01% was up 4.8 cents, or 0.3%, to $15.485 an ounce.

European equities traded lower and U.S. stock-index futures pointed to a soft start for Wall Street after a round purchasing-managers-index readings for the eurozone came in much weaker than expected, underlining worries over global growth prospects and sparking investor appetite for haven assets.

Read More on Market Watch