Gold trims gains as White House dismisses news of US-China trade-talk fallout | Emas Pangkas Kenaikan Karena Gedung Putih Tolak Berita Tentang Kegagalan Pembicaraan Perdagangan AS-China
Thursday, 10 October 2019 08:43 WIB | PRECIOUS METALS |GOLDEMAS

Gold is currently trading at $1,512 per Oz, representing 0.30% gains on the day, having hit a high of $1,517 at 22:55 GMT on Wednesday.

The yellow metal had picked up a strong bid at lows near $1,505 on reports stating that lack of progress in the US-China trade talks.

High-level talks are expected to last for only one day, with Liu He and his team now planning to leave Washington on Thursday, South China Morning Post cited a person with knowledge of the matter. The news report triggered risk aversion, sending the futures on the S&P 500 down by more than 0.5%.

The risk-off, however, has weakened somewhat in the last few minutes with White House's spokesperson Judd Deere calling SCMP report inaccurate. Deere told CNBC's Washington Correspondent Kayla Tausche that the White House is not aware of a change in the Vice Premier Liu His plans at the time and the Chinese are scheduled to depart Friday evening.

Gold trimmed gains after Deere's comments. Prices dropped to $1,507 a few minutes before press time, before bouncing back to $1,512. The yellow metal, however, may again rise to levels near $1,520 if the White House confirms the news of trade-talk fallout. It is worth noting that Fox Business is also reporting an early end of trade talks.

Source: Fxstreet

RELATED NEWS

Gold steady as Brexit deal lifts stocks, pressures dollar
Friday, 18 October 2019 08:47 WIB

Gold prices held steady on Friday after Britain managed to eke out a deal for its exit from the European Union, lifting risk appetite, while a sluggish dollar provided support to the metal. Spot gold was unchanged at $1,491.62 an ounce as of 00:57 GMT. U.S. gold futures shed 0.2% to $1,495.40 per o...

Gold Edges Up as Geopolitics Take Control of Trade
Friday, 18 October 2019 03:38 WIB

Investors managed to push gold higher Thursday instead of completely embracing risk, as doubts remained about whether the U.K. will get parliament ratification for its Brexit deal, but Turkey agreed to a ceasefire in Syria. U.S. gold futures for December delivery settled up $4.30, or 0.3%, at $1,49...

Gold Steady Ahead of Brexit Talks; Weak US Data Lends Support
Thursday, 17 October 2019 17:15 WIB

Gold prices were nearly steady on Thursday as traders refrained from making any big bets in the absence of fresh developments on the Sino-U.S. trade war front and Brexit negotiations, while weak U.S. retail sales data provided support. Spot gold rose 0.1% to $1,490.81 per ounce as of 0630 GMT. U.S....

Gold Holds Gain as Retail Slump Raises Rate Cut Bets
Thursday, 17 October 2019 12:46 WIB

Gold held an advance as weaker-than-expected U.S. data boosted the case for a third straight interest rate cut by the Federal Reserve at the end of this month. Palladium is closing in on $1,800 an ounce after hitting a series of records this week. Haven demand picked up after re...

Gold steady as disappointing U.S. retail sales weigh on risk appetite
Thursday, 17 October 2019 08:50 WIB

Gold prices held steady on Thursday as weak United States retail sales data fanned concerns that the country's economy may be feeling the pinch of the long-drawn trade war with China, while palladium held close to a record high hit the previous day. Spot gold inched 0.1% higher to $1,490.37 per oun...

ANOTHER NEWS
Gold steady as Brexit deal lifts stocks, pressures dollar
Friday, 18 October 2019 08:47 WIB Gold prices held steady on Friday after Britain managed to eke out a deal for its exit from the European Union, lifting risk appetite, while a sluggish dollar provided support to the metal. Spot gold was unchanged at $1,491.62 an ounce as of 00:57...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.