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Gold Eases on Stronger Equities, U.S.-China Trade Optimism


Monday, 4 November 2019 19:50 WIB

GOLDEMAS


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Gold inched lower on Monday on increasing risk appetite amongst investors, driven by optimism on U.S.-China trade talks and fading fears of a global economic slowdown.

Spot gold fell 0.1% to $1,511.44 per ounce at 12:20 GMT. U.S. gold futures edged 0.2% higher at $1,513.70.

European shares soared to a near two-year high on strong earning reports and hopes for a trade deal between Washington and Beijing.

However, weak manufacturing data from major European regions indicated further uncertainty in global growth, which is supportive of demand for bullion as a safe-haven asset, said analysts.

Source : Reuters


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