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Gold hovers as traders watch Brexit, U.S.-China trade talks


Tuesday, 22 October 2019 20:25 WIB

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Gold futures struggled for direction Tuesday as investors kept an eye on developments surrounding Brexit and U.S.-China trade talks.

Gold for December delivery on Comex were up $1.10, or 0.1%, at $1,489.20 an ounce, while December silver was off 3.7 cents, or 0.2%, at $17.565 an ounce.

A firmer tone for U.S. equities helped rob gold of its haven appeal on Monday, noted Carsten Fritsch, analyst at Commerzbank, in a note. Stock-index futures pointed to a higher start for Wall Street on Tuesday.

In other metals trade, January platinum was off 20 cents, or less than 0.1%, to $892 an ounce, while December palladium was up $3.60, or 0.2%, to $1728.90 an ounce.

Source : MarketWatch


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