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Gold Steadies as China 'Cautiously Optimistic' on Deal


Thursday, 21 November 2019 10:33 WIB

GOLDEMAS Spot EmasSILVER


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Gold erased gains to trade little changed after China's chief negotiator Liu He said he was “cautiously optimistic” about reaching a phase one trade deal with the U.S.

This comes amid expectations that President Donald Trump will likely signlegislation passed by Congress supporting Hong Kong protesters, which could lead to a potential confrontation with China.

Meanwhile, Federal Reserve officials stressed that risks to the U.S. economy remained elevated as they agreed to put interest rates on hold following their third cut this year, according to minutes of the Oct. 29-30 Federal Open Market Committee session released Wednesday.

Spot gold little changed at $1,472.60/oz at 10:38am in Singapore; earlier as much as +0.3%. Spot silver -0.1% to $17.1341/oz. Palladium little changed at $1,767.85/oz.

Source : Bloomberg


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