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Gold Gains as Souring US-China Relations Dent Risk Appetite


Wednesday, 20 November 2019 19:23 WIB

GOLDEMAS


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Gold prices rose to their highest in nearly two weeks on Wednesday as U.S. Senate measures on Hong Kong posed a potential roadblock for a trade deal between the United States and China, denting appeal for riskier assets.

Spot gold was up 0.3% at $1,476.50 an ounce and U.S. gold futures rose 0.2% to $1,477.

The U.S. Senate passed two bills backing human rights in Hong Kong and banning export of certain munitions to the region’s police forces. China condemned the move and called for Washington to stop meddling in its internal affairs.

Source : Reuters


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