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Gold Presses Back Above $1,500 as Trade Jitters Return


Thursday, 31 October 2019 19:30 WIB

GOLDEMAS


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Gold futures moved higher Thursday, finding modest, haven-related support after a news report said China officials have doubts over prospects for a long-term trade deal with the U.S.

Gold for December delivery on Comex rose $11.90, or 0.8%, to trade at $1,508.50 an ounce, while December silver gained 17.3 cents, or 0.9%, to trade at $18.04 an ounce.

Chinese officials are expressing doubt about the ability to reach a comprehensive, long-term trade deal with the U.S. despite progress toward signing a "phase one” agreement, Bloomberg reported Thursday. The report said Chinese officials have concerns about President Donald Trump's impulsive nature and fear he could even back out of the limited deal that both Beijing and Washington have signaled they want to sign in coming weeks.

Source : Marketwatch


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