Gold Prices Rise; Trade War, Brexit Remain in Focus
Wednesday, 29 May 2019 13:33 WIB | PRECIOUS METALS |GOLDEMAS Spot EmasSILVER

Gold prices rose on Wednesday in Asia. The Sino-U.S. trade war and Brexit developments remained in focus.

Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.3% at $1,280.75 per ounce by 1:25 AM ET (05:25 GMT).

U.S. President Donald Trump said over the Memorial Day weekend that Washington and Beijing were far from a trade deal. China's state media has also been playing up the escalating trade war between the world™s two largest economies since Beijing's top trade negotiator, Vice Premier Liu He, returned from Washington without a deal in mid-May.

Among other precious metals, spot palladium was up 0.5% at $1,343 an ounce. Silver gained 0.2% to $14.37 an ounce, having hit its lowest since Dec. 3 at $14.25 in the previous session, while platinum rose 0.3% to $798.23.

Source : Investing.com

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