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Gold settles with a loss as U.S., China attempt to steer down trade tensions


Tuesday, 27 August 2019 01:49 WIB

GOLDEMASSILVER


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Gold prices settled with a loss on Monday, giving up earlier gains, as President Donald Trump and Chinese officials both appeared to play down the recent escalation in trade tensions.

Gold for December delivery on Comex edged down by 40 cents, or 0.03%, to settle at $1,537.20 an ounce, after tapping an intraday high of $1,565. The decline follows a 1.9% climb on Friday to a more than six year high of $1,537.60. September silver meanwhile, held on to much of its earlier gains, settling 22.8 cents, or 1.3%, higher at $17.641 an ounce after tacking on 2.2% Friday.

Adding some pressure to dollar-denominated gold prices, the benchmark ICE U.S. Dollar Index moved up by 0.4% in Monday dealings, trading above 98 as gold futures settled.

Source : MarketWatch


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