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Gold Edges Higher Ahead of Trade Talks


Wednesday, 9 October 2019 19:53 WIB

GOLDEMAS


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Gold futures rose slightly Wednesday as traders kept an eye on U.S.-China tariff negotiations, developments around Brexit and economic data.

Gold for December delivery on Comex rose $5.90, or 0.4%, to $1,509.80 an ounce, while December silver gained 18 cents, or 1%, to $17.88 an ounce.

Sentiment around negotiations has swung back and forth between optimism and pessimism, with pressure on equities late Tuesday tied to a U.S. State Department decision to put visa restrictions on Chinese officials they tied to abuse of Muslim minorities in China. That followed a related decision by the Trump administration to blacklist several Chinese companies on a blacklist.

Source : Marketwatch


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