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Gold Prices Slip as Investors Watch China-U.S. Tariff Negotiations


Thursday, 10 October 2019 20:37 WIB

GOLDEMAS


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Gold futures headed lower Thursday as markets reacted to a wave of Sino-American trade developments, amid important meetings between high-level trade delegates in Washington, D.C.

December gold on Comex was off $4.30, or 0.3%, to $1,508.40 an ounce, after rising 0.6% on Wednesday. Futures for gold have settled lower in three of the past four sessions, however.

Meanwhile, December silver lost 14 cents, or 0.8%, to reach $17.680 an ounce, following a gain of 0.6% a day ago.

Markets have been bouncing around as U.S.-China trade negotiations get under way in earnest on Thursday. A number of conflicting reports over the likelihood of a deal had knocked stocks and gold prices around.

Source : Market Watch


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