Monday, 16 December 2019 08:22 WIB |
PRECIOUS METALS |GOLD
Gold held an advance as investors weighed the partial trade deal between the U.S. and China, with investors keen for greater detail on the pact™s contents so they can better gauge the consequences for raw materials including bullion, and a clearer sense of what remains to be addressed.
Bullion seesawed on Friday before ending higher after Washington and Beijing agreed to the first phase of a broader deal that will see China boost imports, including of American agricultural products, and the U.S. paring duties.
Spot gold to $1,474.21/oz at 8:45am in Singapore; +0.4% on Friday. Bloomberg Dollar Spot Index steady near lowest level in six weeks.
Other precious metals: Silver little changed at $16.9309/oz, Palladium +0.6% to $1,944.66/oz, after touching a record $1,982.01 on Friday, Platinum -0.2% to $926.80/oz.