Gold Near Seven-Month High With Trade Talks in Focus
Tuesday, 29 January 2019 13:23 WIB |
PRECIOUS METALS |GOLDEMAS
Gold held near the highest level since June with tension ratcheting up again between the U.S. and China ahead of high-level trade talks set to start in Washington Wednesday.
Spot gold little changed at $1,303.25/oz at 1:40pm in Singapore. NOTE: Prices as much as +1.9% on Friday to touch $1,305.44, highest intraday level since June 14. Bloomberg Dollar Spot Index flat.
U.S. prosecutors on Monday filed criminal charges against Huawei Technologies Co., accusing China™s largest technology company of stealing trade secrets and committing bank fraud. Meanwhile, President Donald Trump is expected to meet China™s top trade negotiator, with the talks to cover U.S. demands for structural changes to China™s economy and Beijing™s pledge to buy more American goods.
Source : Bloomberg
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