Gold traded steady as investors weighed the implications for metals and the dollar of progress in trade talks between the U.S. and China, including a decision by Donald Trump to extend a deadline to raise tariffs. Palladium hit a record, and platinum rose to the highest since November.
The U.S. has made substantial progress in the talks with China on important structural issues, the U.S. president said in a Twitter posting on Sunday evening. “As a result of these very productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1.”
Spot gold flat at $1,330.64/oz at 9:58am in Singapore.
Source : Bloomberg