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Gold Declines as Investors Await Trump-Xi Meeting


Thursday, 27 June 2019 17:53 WIB

GOLDEMAS


Gold dropped for a second day as investors take stock of the recent rally and await the much-anticipated meeting between President Donald Trump and his Chinese counterpart Xi Jinping at the G-20 Summit in Japan.

Spot gold -0.3% to $1,404.88/oz, after -1% on Wednesday. Prices rose to $1,439.21 on Tuesday, highest level since 2013.

Bullion remains near a six-year high, after the Federal Reserve opened the door to lowering interest rates at its policy-setting meeting last week, and holdings in bullion-backed ETFs are at the highest since 2013.

Source : Bloomberg


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