Gold Posts Lowest Close So Far This Month as Investors Weigh Trade Deal, Earnings Season
Wednesday, 16 October 2019 03:44 WIB | PRECIOUS METALS |EMASGOLD

Gold prices declined on Tuesday to mark their lowest settlement month to date, as investors awaited clarity on U.S.-China trade talks and as earnings season starts on a positive note.

Gold for December delivery on Comex fell $14.10, or 10.9%, to settle at $1,483.50 an ounce, with prices for the most-active contract logging their lowest settlement since Sept. 30, according to FactSet data. December silver gave up 32.6 cents, or 1.8%, to finish at $17.384 an ounce.

The yield on the 10-year U.S. Treasury note rose 3.7 basis points to 1.7668% in Tuesday dealings. Higher yields on government debt can weigh on assets like gold that offer no yield.

Source : Marketwatch

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