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STEPHEN INNES
Market analysts are slightly pessimistic about the coming week in the Nigerian bourse.
Trading activity in the currency market has been feeble overall, due to a holiday in the U.S.
Spot gold, known for tracking bullion prices in bullion, gained 1.8% to settle at $1,928.31.
Anticipation of further stimulus measures to support the U.S. economic recovery has set the greenback into retreat mode.
Precious metal futures gained over 1% to trade at $1917/ounce surging above the $1.900-mark.
Gold futures prices edged down 0.17% at $1,887/ounce at the time this report was drafted.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4% higher to a fresh two-week peak.
The precious metal retreated immensely from the two-week high that it finished with some days ago.
Investors tilted more towards the dollar as it edged up 0.19% to 93.920 by 4.40 am GMT.
President Trump's recent improved health status lifted the morale of oil traders.
At the time this report was drafted gold was trading below the $1,900 price levels.
West Texas Intermediate crude lost over 4% on Friday to settle at $37.01 a barrel on the New York Mercantile Exchange.