President Donald Trump is warning China to sign on the dotted line by Dec. 15 and the gold market is listening more than ever.
As hedge to the world’s financial and political woes, the yellow metal has been recovering from last week’s battering on suggestions over the past two days that China may not come to the table on a trade deal with the White House, as it tries to wait out Trump’s impeachment inquiry proceedings in the U.S. Congress.
Gold futures for December delivery on New York’s COMEX settled Tuesday’s New York session up $2.40, or 0.2%, at $1,474.30.
Spot gold, which tracks live trades in bullion, was up $2.35, or 0.2%, at $1,473.10 by 2:53 PM ET (19:53 GMT).
Source : Investing.com