Gold Gains As Trump Trade Comments Boost Havens

Tuesday, 3 December 2019 20:09 WIB



Gold gained after President Donald Trump signaled he'd be willing to wait until next year for a trade accord with China, boosting demand for haven assets.

Trump said there's no deadline for a deal, adding that in some ways it could be better to wait after the 2020 election for striking a trade agreement. Also adding to investor worries, France said the European Union would retaliate if the U.S. follows through on a threat to hit about $2.4 billion of French products with tariffs.

Spot gold advanced 0.4% to $1,468.47/oz by 7:32am in New York. Silver also gained.

Spot platinum and palladium were little changed.

Source : Bloomberg


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