Gold Prices Inch Down on Positive Signs For Trade Talks

Friday, 30 August 2019 09:23 WIB



Gold prices dipped on Friday as the United States and China indicated they may resume talks to resolve their protracted trade conflict, putting the metal on track for a small weekly loss despite a strong month.

Spot gold fell 0.2% to $1,525.06 per ounce, as of 0112 GMT.

For the month, bullion is set to rise 7.9%. However, for the week, it’s headed for a mild loss of 0.1%, following four weeks of gains.

U.S. gold futures were also down 0.2% at $1,534.50 an ounce.

China’s commerce ministry said on Thursday Beijing and Washington were discussing the next round of face-to-face talks scheduled for September, but added it was important for Washington to cancel a tariff increase.

Source : Reuters


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