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Gold Prices Rebound but Set for Worst Week in Two Years Amid Positive Trade News


Friday, 8 November 2019 13:10 WIB

GOLDEMAS


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Gold prices rebounded on Friday in Asia but are still set to record the worst week in two years amid positive Sino-U.S. trade news.

U.S. Gold Futures for December delivery on New York’s COMEX traded 0.3% higher to $1,470.15 by 1:00 AM ET (05:00 GMT).

The safe-haven metal three-month lows in the previous session and was headed for its biggest losing week since 2017 after China said it was rolling back tariffs with the U.S. to try and get the first phase of their trade deal done.

Stock markets in the U.S. rallied following the news, while Chiense stocks also gained today.

Source : Investing.com


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