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Gold Prices Rise as Trade War, Brexit Fears Attract Safe-Haven Demand


Wednesday, 9 October 2019 12:48 WIB

GOLDEMAS


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Gold prices rose on Wednesday in Asia as uncertainties surrounding the Sino-U.S. trade war and gloomy Brexit headlines dented investor sentiment.

U.S. gold futures for December delivery gained 0.5% to $1,511.83 by 1:00 AM ET (05:00 GMT).

A South China Morning Post report said on Tuesday that China had toned down expectations ahead of high-level trade talks between the two countries. The report said the Chinese delegation could depart Washington a day earlier than scheduled.

China also signalled it would hit back after U.S. blacklisted a list of Chinese tech companies to address human rights violations within China.

Source: Investing.com


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