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Gold Holds Gain as Investors Weigh Delay to Trade Deal

Thursday, 7 November 2019 09:14 WIB

GOLDEMAS

Gold held a gain as investors weighed the possibility that an initial U.S.-China trade deal may be delayed until next month, and awaited a U.K. rate decision later Thursday.

Spot gold little changed at $1,491.34/oz at 9:56am in Singapore after +0.5% on Wednesday. On Tues. price closed at lowest since Oct. 15. Spot silver little changed at $17.6285/oz and is on track to snap three weeks of gains. Platinum -0.2% to $928.08/oz; palladium steady.

Presidents Donald Trump and Xi Jinping may not be able to sign a partial deal until December, and two U.S. locations have been ruled out for their highly anticipated meeting.

Source : Bloomberg

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