Gold ends with a modest loss, pressured by strength in bond yields, as investors assess trade deal
Tuesday, 17 December 2019 02:03 WIB |
PRECIOUS METALS |SILVEREMASGOLD
Gold prices settled modestly lower on Monday, weighed down by strength in U.S. bond yields but with losses capped by weakness in the dollar, as investors assessed a phase one trade deal between the U.S. and China.
For now, gold is œtrading on dollar moves and will likely see a slight pause in following every trade headline, he said in a market update. œWhile, we could see safe-haven demand return if markets are disappointed with the details of last week™s trade deal, gold could continue to grind higher if the dollar pushes lower.
Gold for February delivery on Comex fell by 70 cents, or 0.05%, to settle at $1,480.50 an ounce after trading between a low of $1,477.40 and a high of $1,484.50. March silver added 10. cents, or 0.6%, at $17.113 an ounce.
Source : MarketWatch