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Gold Prices Down as Global Stocks Recover on Easing Trade Jitters

Friday, 30 August 2019 13:03 WIB

GOLDEMAS

Prices of the safe-haven gold traded lower on Friday in Asia after both China and the U.S. indicated that trade talks between the two sides may resume.

Gold Futures for December delivery on the Comex division of the New York Mercantile Exchange fell 0.2% to $1,534.10 a troy ounce by 12:57 AM ET (04:57 GMT).

Gao Feng, spokesman for China's Foreign Ministry, said that Beijing would not retaliate for now against U.S. President Donald Trump's latest tariff moves.

Gao also said China is “willing to negotiate and collaborate in order to solve this problem with calm attitude,” but added it was important for Washington to cancel a tariff increase.

Source : Investing.com

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