Gold steadied after President Donald Trump declared Tuesday that talks on the first phase of a trade deal with China were near completion.
The two countries are “in the final throes of a very important deal,” Trump told reporters. Last month, he said he reached the outlines of a “substantial,” but partial deal that would see China ramp up purchases of U.S. farm goods, make new commitments to protect U.S. intellectual property and further open its financial sector to foreign investors.
ETF holdings backed by gold rose for the sixth day on Tuesday to the highest since Nov. 12.
Spot gold -0.1% to $1,460.17/oz at 9:45am in Singapore, after +0.4% on Tues. Spot silver -0.1% to $17.06/oz. Platinum -0.3% after two days of advances; palladium -0.2%.
Source : Bloomberg