Gold Eases as Dollar Firms; Caution Sets in Ahead of Trade Talks

Monday, 7 October 2019 19:33 WIB



Gold eased on Monday as the dollar firmed after a report said China was likely reluctant to agree to a broad trade deal with Washington, but bullion held a tight range as investors took a wait-and-see approach ahead of U.S.-China talks this week.

Spot gold was down 0.1% at $1,502.16 per ounce. Prices had firmed 0.5% last week on concerns of slowing global growth. U.S. gold futures slipped 0.3% to $1,507.80 per ounce.

The United State and China are set to meet for trade negotiations in Washington on Oct. 10-11, although latest news reports suggest Beijing may be looking to restrict the scope of any deal.

Source : Reuters


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