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Gold Prices Rise; Trade War, Brexit Remain in Focus


Wednesday, 29 May 2019 13:33 WIB

GOLDEMAS Spot EmasSILVER


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Gold prices rose on Wednesday in Asia. The Sino-U.S. trade war and Brexit developments remained in focus.

Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.3% at $1,280.75 per ounce by 1:25 AM ET (05:25 GMT).

U.S. President Donald Trump said over the Memorial Day weekend that Washington and Beijing were far from a trade deal. China's state media has also been playing up the escalating trade war between the world’s two largest economies since Beijing's top trade negotiator, Vice Premier Liu He, returned from Washington without a deal in mid-May.

Among other precious metals, spot palladium was up 0.5% at $1,343 an ounce. Silver gained 0.2% to $14.37 an ounce, having hit its lowest since Dec. 3 at $14.25 in the previous session, while platinum rose 0.3% to $798.23.

Source : Investing.com


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