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Gold's price gains pause as market weigh Trump impeachment-inquiry implications

Wednesday, 25 September 2019 20:17 WIB

GOLDEMAS

Gold prices pulled back Wednesday morning, a day after assets perceived as havens attracted bullish bids following U.S. House Speaker Nancy Pelosi's decision to launch a formal impeachment inquiry against President Donald Trump.

Gold for December delivery on Comex fell $6.30, or 0.4%, to $1,533.90 an ounce, after it finished at its highest on Tuesday for a most-active contract since Sept. 4, according to FactSet data.

December silver headed 8 cents, or 0.4%, lower to $18.555 an ounce, following a decline of 0.4% lost for gold’s sister metal in the prior session.

Pelosi announced an impeachment inquiry into Trump late Tuesday following a chorus of criticism in the wake of reports the president pressed Ukraine's president to investigate Democratic presidential candidate Joseph Biden and his son Hunter.

Source : Marketwatch

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