Gold prices rise due ahead of the holiday season

Monday, 23 December 2019 11:34 WIB



Gold prices rose on Monday morning in Asia as investors opted safe-haven asset ahead of Christmas and New Year holidays.

U.S. Gold Futures inched up 0.25% to $1,484.55 by 10:59 PM ET (3:59 AM GMT), recovering from the day before amid a steady dollar. The U.S. dollar index stayed mostly flat at above 97.

U.S. President Donald Trump said on Saturday that the U.S and China would “very shortly sign their so-called Phase One trade pact. Under the deal, the U.S. would agree to reduce some tariffs in exchange for a big jump in Chinese purchases of American farm products, according to Reuters. The market is waiting for further developments that would ease the month-long China-U.S. trade tensions.



  • Gold futures fell Monday for a second session, pressured as U.S. benchmark stock indexes climbed and the dollar strengthened. "Gold has been the answer to needed cash for the most part," said George ...
  • Gold prices slipped on Monday in Asia after recording their biggest weekly gains since 2008. Gold futures were down by 0.1% at $1,652.50 by 9:34 PM ET (2:34 GMT), after almost reaching the $1,700 mar...
  • Gold futures settled with a loss on Friday but still scored the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the phys...



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