Gold Holds Near Three-Month Low With Trade in Focus

Tuesday, 12 November 2019 12:29 WIB



Gold held near the lowest level in three months as investors awaited the next round of developments on the U.S.-China trade front and weighed a recent shift toward risk assets.

President Donald Trump is due to deliver remarks at the New York Economic Club on Tuesday. Analysts will listen closely for comments on the talks with Beijing, especially after mixed messages from the White House and delayed meetings reignited concern the negotiations are stumbling.

Spot gold little changed at $1,456.70/oz at 12:19pm in Singapore. Price fell to $1,448.29/oz on Monday, the lowest level since Aug. 5

Bloomberg Dollar Spot Index steady after -0.1% Monday.

Other precious metals: Spot silver +0.1% to $16.88/oz, Palladium little changed at $1,689.28/oz after two-day, -6.3% loss, Platinum +0.4% to $879.60/oz.

Source: Bloomberg


  • Gold slipped Tuesday as the dollar advanced, but remains trapped in this month’s narrow trading range near its highest since 2012. While a slew of economic reports since last week added to risk-...



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