Gold Flat as U.S. Trade Data Pushes Investors Towards Other Investments

Reuters reported that gold eased on Friday and was on pace to end the week relatively flat, with investors gaining confidence to move towards riskier investments on the heels of positive U.S. trade deficit data.

As quoted in the market report:

Our fundamental view is that gold is rolled over, meaning that it doesn’t have too much upside because of improving appetite for riskier assets, and will probably continue trading around current levels,” SP Angel analyst Carole Ferguson said.

To view the whole Reuters report, click here.