Gold Prices Near Flat; Fed Meeting, Trade News Eyed
Monday, 9 December 2019 13:45 WIB |
PRECIOUS METALS |EMASGOLD
Gold prices stayed near flat on Monday in Asia as traders awaited the U.S. Federal Reserve meeting later this week and updates on the Sino-U.S. trade developments.
U.S. Gold Futures were little changed at $1,464.85 by 1:10 AM ET (05:10 GMT).
The yellow metal suffered a steep drop on Friday following a better-than-expected U.S. nonfarm payrolls report, which sent the U.S. dollar and stocks higher.U.S. Labor Department data showed that employers added 266,000 jobs in November - the most since 312,000 in January.
On the Sino-U.S. trade front, markets are waiting to see what happens as the Dec. 15 deadline for more tariffs on Chinese goods approach.
Source : Investing.com
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