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Gold prices finish modestly higher as U.S.-China trade tensions rise


Wednesday, 23 January 2019 02:57 WIB

GOLDEMAS


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Gold futures turned higher by Tuesday’s settlement with tensions on the rise following reports that the U.S. canceled a meeting with China officials as the two nations attempt to reach a resolution to a trade dispute that has hurt the global economic outlook.

Gold for February delivery on Comex edged up by 80 cents, or less than 0.1%, to settle at $1,283.40 an ounce, while March silver gave up 7.4 cents, or 0.5%, to $15.325 an ounce.

U.S. stocks on Tuesday moved broadly lower, while the dollar traded slightly weaker as gold futures settled. That tends to boost haven investment demand for gold.

Marketwatch


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