Saturday, 23 November 2019 03:43 WIB |
PRECIOUS METALS |EMASGOLD
When nothing looks clear, just hold. That seems to be the guide for gold traders these days as the constant back-and-forth in U.S.-China trade negotiations continues to send signals, mostly conflicting, to the market.
Gold futures settled flat on Friday, while bullion dipped a tad after China™s President Xi Jinping said Beijing wanted a deal with the United States. But he said China will fight back if necessary against his counterpart President Donald Trump™s threat that Chinese imports will face more duties from Dec. 15 if a phase one agreement isn™t inked by then.
Trump, in latest comments, said a deal was œpotentially very close.
Gold futures for December delivery on New York™s COMEX settled at $1,463.60 per ounce, the same as Thursday.
Spot gold, which tracks live trades in bullion, was down 82 cents, or 0.1%, at $1,463.33 by 2:21 PM ET (19:21 GMT).
For the week, both benchmarks showed a modest declines of roughly 0.4%.
Source : Investing.com