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Gold under pressure as investors await U.S.-China trade talks


Tuesday, 8 October 2019 01:30 WIB

GOLDEMASSILVER


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Gold skittered lower Monday, on pace to notch back-to-back declines, as investors watched developments in Sino-American trade talks.

U.S. and Chinese officials, including Vice Premier Liu He, are expected to resume trade discussions on Oct. 10-11. However, reports over the weekend indicate that Beijing delegates may be aiming to offer a narrower trade resolution than the Trump administration is hoping.

Against that backdrop, December on Comex fell $3.90, or 0.3%, to $1,509 an ounce. Prices for the most-active contract edged lower on Friday, but registered a weekly rise of 0.4%, according to FactSet data.

December silver shed half a cent, or 0.03%, to $17.63 an ounce, after booking a nearly 0.2% decline for the week.

Source : MarketWatch


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