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Gold Holds Gain as China Wants More Talks on Trade


Tuesday, 15 October 2019 13:18 WIB

GOLDEMAS Spot EmasSILVER


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Gold held an advance as China wants more talks before signing a “phase one” trade deal touted by the U.S.

Treasury Secretary Steven Mnuchin told CNBC television Monday the sides made "substantial progress" last week in negotiations and he expected President Donald Trump and President Xi Jinping to finalize the accord at a summit in Chile next month. Separately, China's factory deflation deepened in September due to slowing economic growth.

Spot gold +0.1% to $1,494.33/oz at 12:23pm in Singapore; +0.3% Monday. Spot silver +0.3% to $17.7091/oz. Palladium -0.1% to $1,712.32/oz, after reaching record $1,722.60 on Monday.

Source : Bloomberg


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