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Gold Steady on Weak Dollar; Trade Optimism Lifts Risk Mood


Monday, 4 November 2019 15:30 WIB

GOLDEMAS


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Gold prices were steady on Monday as the dollar eased on soft manufacturing survey, while signs of a U.S.-China trade deal stoked risk appetite, capping gains for the safe-haven bullion.

Spot gold was steady at $1,513.19 per ounce, as of 07:47 GMT, after dipping 0.2% earlier in the session, while U.S. gold futures were up 0.3% at $1,515.30 per ounce.

The United States and China on Friday said they made progress in talks aimed at defusing a nearly 16-month-long trade war that has harmed the global economy, and U.S. officials said a deal could be signed this month.

Source : Reuters


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