Gold Holds Advanced After Trade Deal; Palladium at Record

Thursday, 16 January 2020 13:41 WIB



Gold held an advance following the signing of the U.S.-China phase-one trade deal, with investors seeking to assess how consequential the accord will be for currency policy, relations between the two economies and global growth. Palladium notched yet another record.

Spot gold little changed at $1,555.98/oz at 12:42pm in Singapore; +0.6% Wednesday. Bloomberg Dollar Spot Index steady after -0.1% Wednesday.

While the pact was inked on Wednesday, questions remain over whether Donald Trump’s efforts to rewrite the relationship with Beijing will go any further. Trade Representative Robert Lighthizer said the administration was focused on implementing the initial pact, and any further talks would come only after that.

Source : Bloomberg


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