Gold Holds Steady As Trump Warns China on Trade Deal
Wednesday, 20 November 2019 03:42 WIB |
PRECIOUS METALS |EMASGOLD
President Donald Trump is warning China to sign on the dotted line by Dec. 15 and the gold market is listening more than ever.
As hedge to the world™s financial and political woes, the yellow metal has been recovering from last week™s battering on suggestions over the past two days that China may not come to the table on a trade deal with the White House, as it tries to wait out Trump™s impeachment inquiry proceedings in the U.S. Congress.
Gold futures for December delivery on New York™s COMEX settled Tuesday™s New York session up $2.40, or 0.2%, at $1,474.30.
Spot gold, which tracks live trades in bullion, was up $2.35, or 0.2%, at $1,473.10 by 2:53 PM ET (19:53 GMT).
Source : Investing.com
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