Gold steadied in the week’s opening session as investors assessed prospects for the conclusion of a first-phase U.S.-China trade deal after Commerce Secretary Wilbur Ross expressed optimism that there would be an agreement this month.
Spot gold little changed at $1,512.21/oz at 9:28 a.m. in Singapore, after capping fourth weekly gain in five; spot silver -0.2%. Platinum +0.2% at $952.15/oz. Palladium +0.2% at $1,810.61/oz after hitting a record last week.
President Donald Trump told reporters on Sunday that an agreement, if one is completed, would be signed somewhere in the U.S. “First of all I want to get the deal,” he said. “The meeting place, to me, is going to be very easy.”
Source : Bloomberg