Gold rose as a rally in the dollar petered out, while investors await the outcome of high-level U.S.-China trade talks in Beijing this week.
Spot gold +0.3% to $1,311.43/oz at 7:49am in London; -0.5% Mon. Separately, U.S. congressional negotiators reached a tentative deal on border security that would give President Donald Trump far less money than he™d demanded for new barriers and would avert another government shutdown.
Bullion has drawn additional interest over recent months amid concern that global growth is slowing. Kyle Bass, founder of Hayman Capital Management, said the U.S. most likely will enter a mild recession by the middle of 2020.
Source : Bloomberg
RELATED NEWS
Gold futures fall for the session, lose 1.6% for the week
Saturday, 12 October 2019 01:01 WIBGold futures fell on Friday to settle at their lowest level month to date, tallying a loss of 1.6% for the week. Hope for progress in U.S.-China trade negotiations provided support for U.S. benchmark stock indexes, dulling demand for haven gold. December gold fell $12.20, or 0.8%, to settle at $1,4...
Gold Prices Sink 1% at Low, Heading for Sharpest Weekly Skid In Nearly a Year
Friday, 11 October 2019 20:38 WIBGold futures on Friday headed sharply lower, putting bullion on track to record its steepest daily drop in October, dragging the commodity to its sharpest weekly fall in more than a year, amid growing optimism on Sino-American trade talks and progress on Brexit. December gold on Comex was down $17,...
Gold Back Near $1,500; Palladium Hits Fresh Record
Friday, 11 October 2019 16:36 WIBGold is back hovering around the $1,500 mark after the metal was buffeted Thursday by conflicting signals on trade talks and comments from Federal Reserve officials. Palladium hit a fresh all-time high. Spot gold advanced 0.3% to $1,498.58/oz by 09:50am in London after dropping 0.8% Thurs...
Gold inches lower as Trump's remarks boost trade talk hopes
Friday, 11 October 2019 08:33 WIBGold prices edged lower on Friday as U.S. President Donald Trump™s remarks on progress in Sino-U.S. trade talks lifted risk appetite, while palladium was set to end a three-day winning streak after touching a record high in the previous session. Spot gold was down 0.2% at $1,491.12 per ounce, as ...
Gold Falls Back Under $1,500 on News of Progress in U.S.-China Trade Negotiations
Friday, 11 October 2019 01:06 WIBGold futures traded lower Thursday, slipping back under the $1,500 an ounce mark, after President Donald Trump said he plans to meet with Chinese Vice Premier Lui He on Friday as the world economic powers hold their first day of talks in Washington.D.C. December gold on Comex was off $14, or 0.9%, ...
Hong Kong Stocks Rally More Than 2% on Trade Hopes (Review)
Dow Ends With More Than 300-Point Gain on Report of U.S.-China 'Phase One' Trade Agreement
Dollar Falls to Three-Month Low on Hopes of Brexit, U.S.-China Trade Deals
European stocks close sharply higher on rising trade and Brexit optimism
Wall St. Opens Higher On Trade War De-Escalation Bets
Hong Kong Stocks Rally More Than 2% on Trade Hopes (Review)
Saturday, 12 October 2019 03:17 WIB
Hong Kong stocks surged more than two per cent Friday on optimism over China-US trade talks, while energy firms were boosted by a spike in oil prices after an Iranian tanker was hit by a double explosion in the Gulf.
The Hang Seng Index jumped...