Gold prices rose on Friday in Asia amid skepticism about the U.S.-China trade deal.The two countries signed the phase one trade deal on Wednesday, however, there are still doubts whether the U.S. and China can consistently develop the relations.
Gold Futures for February delivery on New York’s COMEX was up 0.19% to $1,553.45by 09:41PM ET (02:41 GMT).
The phase one deal has been criticized for its loopholes. The deal says Beijing will increase purchases of the U.S. products and services by an additional $200 billion over the next two years. The pact halts new tariffs but the huge U.S. levies on $360 billion worth of Chinese products remain unchanged as well as the Chinese tariffs on over $100 billion U.S. products.
Source : Investing.com