Gold gains on weaker dollar, rising equities cap upside

Financial Post | Sep 13, 2019 at 10:19 AM
  • Gold prices rose back above the key $1,500 level on Friday as the U.S. dollar slipped on the back of a strong euro, though hopes for a thaw in Sino-U.S. trade tensions supported equity markets, capping bullion’s gains.
  • Investors are now awaiting the U.S. central bank meeting next week where it is expected to slash its benchmark interest rate by at least 25 basis points for the second consecutive time.
  • The U.S. retail sales report is due at 1230 GMT on Friday.