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Gold Climbs as Trade Uncertainty Weighs on Risk Appetite


Wednesday, 13 November 2019 20:26 WIB

GOLDEMAS


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Gold prices gained on Wednesday on lack of clarity on the U.S.-China trade negotiations, keeping markets wary about the tariff war’s toll on the health of the global economy.

Spot gold rose 0.5% to $1,464.80 per ounce. U.S. gold futures inched 0.8% higher to $1,465.60.

U.S. President Donald Trump said a trade deal was “close” but gave no new details on when or where an agreement would be signed, disappointing investors in what was billed as a major speech on his administration’s economic policies.

He also rattled some investors by threatening China with even more tariffs if they do not sign a deal.

Source : Reuters


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