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Gold prices steady on mixed US-China trade signals


Thursday, 5 December 2019 16:47 WIB

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Gold prices inched up on Thursday as conflicting signals from Washington and Beijing prolonged uncertainty about a trade deal, a day after positive comments on the talks by U.S. President Donald Trump knocked bullion off its one-month high.

Gold rose to $1,484 on Wednesday, its highest since Nov. 7, but settled lower after Trump said that trade talks with China were going “very well”. 

That came a day after Trump dented hopes for a trade resolution when he said an agreement might have to wait until after the U.S. presidential election in November 2020.

Spot gold was up 0.1% at $1,475.58 per ounce, as of 08:11 GMT on Thursday, and U.S. gold futures were up 0.1% at $1,480.90 per ounce.

In other precious metals, palladium edged 0.1% higher to $1,871.00 per ounce, after hitting a fresh peak of $1,874.50. Silver rose 0.4% to $16.89.

Source : Reuters


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