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Gold Prices Inch Up as Traders Await More Trade News


Tuesday, 27 August 2019 13:07 WIB

GOLDEMAS


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Gold prices inched up on Tuesday in Asia as China sent confusing signals on the trade war with the U.S. and said that it will not cave to U.S. demands.

Gold Futures for December delivery on the Comex division of the New York Mercantile Exchange inched up 0.1% to $1,538.25 by 12:15 AM ET (04:15 GMT).

Comments by U.S. President Donald Trump calmed nerves overnight as he said Beijing had gotten in touch with top U.S. trade officials and was ready to come “back to the table” for negotiations.

Traders were also relieved to hear Beijing’s top trade negotiator Liu He said China is ready to talk to the U.S. “with a calm attitude” in order to resolve the trade dispute.

Source : Investing.com


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