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Gold Prices Give Up Gains as Risk Appetite Struggles to Recover


Thursday, 30 May 2019 19:19 WIB

GOLDEMAS


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Gold prices gave back the prior session’s gains as investors’ risk appetite showed signs of recovery from the recent rout caused by Sino-U.S. trade tensions.

At 8:02 AM ET (12:02 GMT), gold futures for June delivery on the Comex division of the New York Mercantile Exchange, dropped $3.90, or 0.3%, to $1,277.10 a troy ounce, once again matching Tuesday’s closing price.

Wednesday’s gains in the precious metal were supported by safe haven demand on news that China is prepared to use rare earths to strike back at the U.S., an escalation of the trade dispute that threatens to derail the global economy.

Source : Investing.com


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