Gold futures rose in the COMEX Division of the New York Mercantile Exchange. - Between
Gold prices rose slightly in line with the weakening US dollar due to the decline in US 10-year bonds in two consecutive sessions.
At the close of trading Friday (27/4/2018) local time, spot gold prices rose 7.20 points or 0.55% to US $ 1,324 per troy ounce. Meanwhile, Comex gold contract June 2018 shone 6.20 points or 0.47% to US $ 1,324.10 per troy ounce.
Meanwhile, the US Dollar Index fell 0.03% or 0.032 points to 91.529. During the year, the index fell 0.65%.
The yield on the 10-year US Treasury fell two straight days after reaching a four-year high this week. The 10-year US Treasury bond was at 2.96%.
PT Asia Trade Point Futures (ATPF) research team said in its report that the positive sentiment toward gold decreases as global geopolitical turmoil eases, such as North Korea, and trade war between China and the United States.
"Geopolitical conditions that began to melt after the meeting of North Korean President Kim Jong-un and South Korean President Moon Jae-in became negative sentiment for gold.The fading trade conflict is also less significant for now as a market driving gold," said the team ATPF research.