Gold Declines After U.S. Tariff Delay Brings Relief

Wednesday, 14 August 2019 09:21 WIB



Gold drops after President Donald Trump delayed the imposition of some new tariffs on Chinese goods, providing relief to risk assets that had been under pressure earlier in the week.

Tuesday's move to at least hit the pause button in his fight with China also temporarily allayed concerns over the impact of trade tensions on a slowing global economy. Still, some tariffs will take effect on Sept. 1 as planned, and while senior officials have spoken by phone, it's unclear whether the two sides had made any progress.

Gold also retreated after a stronger-than-expected yuan fixing in China. The precious metal remains near the highest level since 2013 amid expectations for further monetary easing.

Spot gold -0.4% to $1,495.98/oz at 9:52am in Singapore.Prices -0.6% on Tuesday after earlier touching $1,535.11, the highest level since April 2013.

Source : Bloomberg


  • Gold was up on Friday morning in Asia, with investors turning to the safe-haven after the U.S. saw a record number of daily COVID-19 cases. The U.S. reported over 60,000 cases on Thursday, with Texas...



Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.