Gold eyes best month in four years as weak U.S. data slams dollar – ZAWYA

Gold eyes best month in four years as weak U.S. data slams dollar – ZAWYA

Gold eyes best month in four years as weak U.S. data slams dollar Spot gold was up 0.4% at $1,966.31 per ounce    Image used for illustrator purpose Gold bars and coins are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, August 14, 2019. Gold rose on Friday en route to its best month in more than four years as the dollar slid further after dismal U.S. data added to doubts about a swift recovery from the pandemic-induced economic slump, driving investors towards the safe-haven metal.Spot gold was up 0.4% at $1,966.31 per ounce by 0251 GMT after snapping a nine-session winning streak in the previous session. U.S. gold futures rose 1% to $1,959.70.The U.S. dollar fell to a two-year low and was on course for its worst month in a decade, making bullion cheaper for investors holding other currencies. Spot gold was up 0.4% at $1,966.31 per ounce by 0251 GMT after snapping a nine-session winning streak in the previous session. U.S. gold futures rose 1% to $1,959.70.Gold rose on Friday en route to its best month in more than four years as the dollar slid further after dismal U.S. data