Gold up as markets cautiously await Trump's response on HK
Friday, 29 May 2020 17:26 WIB |
PRECIOUS METALS |GOLDEMAS
Gold prices rose on Friday, supported by lingering U.S.-China trade tensions, while market participants cautiously awaited Washington's response to the Chinese parliament's approval of a national security law for Hong Kong.
Spot gold was up 0.4% at $1,725.01 per ounce by 09:37 GMT. U.S. gold futures rose 0.7% to $1,739.60.
President Donald Trump is expected to hold news conference on China later in the day as his administration moves to pressure Beijing over its treatment of Hong Kong.
Elsewhere, silver gained 0.2% to $17.45 per ounce and was heading for its biggest monthly gain since June 2016.
Source : Reuters
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