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Gold prices to return to $1,500 levels soon - analysts

Monday, 14 October 2019 11:29 WIB

Even though gold was getting beaten up last Friday, analysts were still optimistic that the precious metal was going to return to its key $1,500 level soon. Gold fell more than 1% on Friday (10/11/19) with December Comex gold futures last trading near two-week lows at $1,487.70 an ounce. Upbeat risk appetite was driving the equity markets higher and pressuring gold lower as investors awaited the announcement of a possible partial trade deal between the U.S. and China. One of the biggest market movers on Friday was the optimism portrayed by U.S. President Trump ahead of his meeting with Chinese Vice Premier Liu He at the White House on Friday afternoon. Trump tweeted: “Good things are...

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RECENT NEWS

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RP998525
JPY99.2-0.01
EURUSD1.3066-0.0025
GPBUSD1.51090.0045

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