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Gold ends higher on U.S.-China trade-induced jitters


Wednesday, 8 May 2019 01:56 WIB

GOLDEMAS


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Gold futures ended higher on Tuesday, posting their third straight session decline, as U.S. benchmark stock indexes freshly retreated amid apparent challenges for U.S.-China trade talks this week — negotiations that markets had generally believed to be all but signed on the dotted line.

Gold for June delivery tacked on $1.80, or 0.1%, to settle at $1,285.60 an ounce after tapping a low of $1,279.10. Prices registered a slim 0.2% gain on Monday.

Silver, which has some investment appeal, but is also subject to the outlook for industrial metal demand, saw its July contract finished nearly flat at $14.926 an ounce.

Source: Marketwatch


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