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NewsBreak: Gold Prices Rise as Caution Reins Ahead of Weekend

Published 20/09/2019, 15:50
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Investing.com -- Gold prices rose on Friday as investors drew in their horns at the end of a week that has ultimately done little to give the market any real sense of direction.

  • Global central banks have done little to encourage new long positions this week, disappointing the hopes of some who were counting on a robust easing of monetary policy across the world between now and the end of the year.

  • "A pattern is seeming to repeat itself," said analysts at Frankfurt-based Landesbank Hessen-Thueringen in a weekly note. "Whenever the U.S. equity market comes under pressure, the U.S. President de-escalates. Admittedly that doesn't help find a real solution, but it seems it's enough for many investors to change back into risk-on mode."

  • By 1 PM ET (1500 GMT), gold futures for delivery on the Comex exchange were up 0.3% at $1,512.25 a troy ounce.

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