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Gold Steadies After Wild Day as Trump Eases Tone Trade

Tuesday, 27 August 2019 09:10 WIB GOLD EMAS

Gold steadies after a roller-coaster day on Monday as investors weigh the latest developments in the trade war. After surging, bullion then erased gains in the week’s opening session as President Donald Trump said China wants to make a deal on trade, easing tensions. Spot gold +0.2% at $1,529.88/oz at 9:27am in Singapore, heading for highest close since April 2013. On Monday, prices ends almost unchanged after as much as +1.8% in intraday trade. Bloomberg Dollar Spot Index -0.1% after +0.3% on Monday. Trump left the G-7 summit taking a softer tone toward Beijing just days after spooking financial markets with another escalation in their trade war....

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