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Gold Prices Little Changed As Stocks Gains Despite Sino-U.S. Trade Tensions


Monday, 12 August 2019 12:53 WIB

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Gold prices were little changed on Monday in Asia as equities gained despite Sino-U.S. trade tensions.

Asian stocks are trading mostly in the green even after U.S. President Donald Trump said he is not ready to make a trade deal with China, which set the yuan's midpoint at levels weaker than 7 for three consecutive sessions.

Gold Futures traded on the Comex division of the New York Mercantile Exchange were little changed at $1,508.15 by 1:10 AM ET (05:10 GMT).

Gold prices ended higher last week after a week of easing by global central banks to shield their economies from the yuan devaluation. The Reserve Bank of New Zealand surprised markets with a half-percentage cut last week. Thailand's central bank reduced interest rates on the same day for the first time this year, while India, which began easing policy earlier this year, also cut rates.

Source : Investing.com


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