Prices of the safe-haven gold fell on Wednesday in Asia even as equities traded lower amid political concerns and latest news on the Sino-U.S. trade war.
U.S. President Donald Trump said at the United Nations General Assembly in New York that he will not accept a “bad deal” in trade talks with China, while slamming Beijing for “unfair trade practices.”
His renewed attack on China signalled little hope for a trade deal in the short term. His comments drove equity markets lower, but the safe-haven gold was not able to benefit from the weakening sentiment.
By 1:05 AM ET (05:05 GMT), Gold Futures for delivery on the Comex exchange were down 0.2% at $1,536.65.
Source : Investing.com