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Gold Prices Drop Ahead of Fed Decision as U.S.-China Trade Tension Eases


Wednesday, 19 June 2019 19:20 WIB

GOLDEMAS


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With markets on hold ahead of the Federal Reserve’s policy decision, gold prices dropped on Wednesday on further signs of easing tension in the Sino-U.S. trade dispute.

Gold futures for August delivery on the Comex division of the New York Mercantile Exchange, fell $3.85, or 0.3%, at $1,346.85 a troy ounce by 7:07 AM ET (11:07 GMT).

U.S. President Donald Trump had tweeted on Tuesday that he had a “very good telephone conversation with President Xi” and said trade negotiators from both sides would meet ahead of an “extended meeting” between the two leaders at the G20 summit next week.

Source : Investing.com


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