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Gold falls more than 1% as US-China trade truce dents safe-haven demand


Monday, 1 July 2019 13:17 WIB

GOLDEMAS Spot EmasSILVER


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Gold fell more than 1% on Monday to its lowest in more than a week as the dollar strengthened and investors opted for riskier assets after the United States and China agreed to restart trade talks.

Spot gold was down 1.3% at $1,391.29 per ounce as of 04:11 GMT, after falling to as low as $1,389.65, its lowest since June 21.

U.S. gold futures dipped 1.3% to $1,394.90 an ounce.

Further pressuring gold prices, the dollar index rose 0.2% on Monday, making non-interest bearing bullion more expensive for holders of other currencies.

Among other precious metals, silver fell 0.6% to $15.21 per ounce and palladium was steady at $1,537.72. Platinum slipped 0.2% to $831.12 an ounce, falling from a six-week peak touched in the previous session.

Source : Reuters


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