Gold held near the highest level since June with tension ratcheting up again between the U.S. and China ahead of high-level trade talks set to start in Washington Wednesday.
Spot gold little changed at $1,303.25/oz at 1:40pm in Singapore. NOTE: Prices as much as +1.9% on Friday to touch $1,305.44, highest intraday level since June 14. Bloomberg Dollar Spot Index flat.
U.S. prosecutors on Monday filed criminal charges against Huawei Technologies Co., accusing China’s largest technology company of stealing trade secrets and committing bank fraud. Meanwhile, President Donald Trump is expected to meet China’s top trade negotiator, with the talks to cover U.S. demands for structural changes to China’s economy and Beijing’s pledge to buy more American goods.
Source : Bloomberg