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Gold Prices Gain Despite Easing Sino-U.S. Tensions


Monday, 28 October 2019 13:25 WIB

GOLDEMAS


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Gold prices gained on Monday in Asia despite easing Sino-U.S. trade tensions.

U.S. Gold Futures gained 0.2% to $1,506.6 by 1:25 AM ET (05:25 GMT).

Gold is up around 17% on the year as investors fled to the safe-haven amid currency devaluations, recession fears, Brent uncertainty and other tensions involving China and Iran.

The fall of gold prices today came despite signs of easing Sino-U.S. tensions. U.S. President Donald Trump said on Friday that talks between China and the U.S. are going very well, as Beijing wants to make a deal “very badly.”

Source : Investing.com


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