Gold Holds Near Two-Week Low as Dollar Builds on Gains
Tuesday, 21 May 2019 17:47 WIB |
PRECIOUS METALS |GOLDEMAS
Gold held near a two-week low as the latest twists in the U.S.-China trade war fanned support for the dollar.
Spot gold -0.1% at $1,276.10/oz in London.Price reached $1,273.71 on Monday, lowest since May 3.
Beijing™s ambassador to the European Union warned of the potential for retaliation after President Donald Trump blacklisted Huawei Technologies Co. Gold still stands to benefit if U.S.-China relations deteriorate, although that may be offset by diminished Asian demand, Citigroup Inc. said. The dollar™s recent strength has been the primary driver capping bullion, the bank said.
Source : Bloomberg
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