Gold Prices Rise; Brexit, Sino-U.S. Trade War in Focus
Monday, 27 May 2019 13:23 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold prices rose on Monday in Asia. News on Brexit develop and the Sino-U.S trade war remained in focus.

Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.2% at $1,286.55 per ounce by 1:20 AM ET (05:20 GMT).

Traders await more trade-related news as U.S. President Donald Trump prepares to meet with his Chinese counterpart Xi Jinping next month at the G-20 meeting in Japan.

The precious metal entered a new phase of uncertainty on its role as the leading safe-haven asset, as markets seemed to preferred the U.S. dollar as a hedge against the Sino-U.S. trade war.

Source : Investing.com

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