Gold held an advance as investors weighed the partial trade deal between the U.S. and China, with investors keen for greater detail on the pact’s contents so they can better gauge the consequences for raw materials including bullion, and a clearer sense of what remains to be addressed.
Spot gold +0.1% to $1,477.75/oz at 7:20am in London; +0.4% on Friday. Bloomberg Dollar Spot Index -0.2%, near the lowest level in five months.
Bullion seesawed on Friday before ending higher after Washington and Beijing agreed to the first phase of a broader deal that will see China boost imports, including of American agricultural products.
Source : Bloomberg