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Gold steadies as trade doubts persist; faces worst month in 3 years


Friday, 29 November 2019 19:50 WIB

GOLD


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Gold was little changed on Friday, but still on track to post its biggest monthly decline in three years, as investors sought clarity on the U.S.-China trade developments after United States backed anti-government protesters in Hong Kong.

Spot gold fell 0.1% to $1,455.70 per ounce, while U.S. gold futures inched 0.1% higher to $1,462.20.

Investors were uncertain about the fate of a ‘phase-one’ trade deal between the two economies, after Beijing warned the United States on Thursday it would take “firm counter measures” in response to U.S. legislation backing anti-government protesters in Hong Kong.

Source: CNBC


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