Gold slips as renewed trade optimism lifts risk appetite
Monday, 14 October 2019 09:31 WIB | PRECIOUS METALS | Spot EmasEMASGOLD

Gold prices eased on Monday, extending falls into a third session, as news that the United States and China had made progress in their recent high-level trade talks lifted risk appetite.

Spot gold dropped by 0.3% to $1,485.56 per ounce, as of 00:36 GMT. U.S. gold futures edged 0.1% higher to $1,489.90.

Spot gold prices fell more than 1% in intraday trade on Friday on news that the United States and China were likely to reach a partial agreement on trade.

U.S. President Donald Trump on Friday outlined the first phase of a deal and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before an accord could be agreed.

Source : Reuters

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