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Gold Rises as Growth, Trade Worries Curb Risk-Taking


Tuesday, 2 July 2019 19:44 WIB

GOLDEMAS


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Gold prices rose on Tuesday, after its biggest one-day percentage fall in 2-1/2 years the previous session, as risk appetite soured on worries over global growth and uncertainties around a Sino-U.S. trade deal.

Spot gold was up 0.7% at $1,392.34 per ounce, after falling 1.8% on Monday, its biggest one-day percentage decline since November 2016.

U.S. gold futures were up 0.5% at $1,395.70 an ounce.

President Donald Trump said on Monday that any trade deal with China would need to be “somewhat tilted” in favour of the United States. The U.S. government also threatened tariffs on $4 billion of additional European Union goods in a long-running dispute over aircraft subsidies.

Source : CNBC


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