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Gold Gains as Optimism on U.S.-China Trade Deal Cools

Wednesday, 13 November 2019 18:35 WIB GOLD EMAS

Gold rebounded from near a three-month low as optimism over a trade deal ebbed and traders looked for signs of a reversal in the recent downtrend in precious metals. Spot gold climbed 0.6% to $1,464.27/oz by 10:48am in London. Prices fell to $1,445.70/oz on Tuesday, the lowest intraday level since Aug. 5. Spot silver advanced 1% to $16.9352/oz, most since Oct. 31. President Donald Trump said the U.S. will increase tariffs on China in case the first step of a broader agreement isn’t reached, but also added that a “significant” phase one deal could happen soon. Investors had been more optimistic of late about the likelihood of a deal between the world’s two...

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Energy

U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, while rising U.S. inventories

Precious Metals

Gold held steady on Tuesday after hitting its highest in over one-and-a-half weeks, propped up by doubts about a trade deal between the United States and China. Spot gold was little changed at

CURRENCIES

Dollar nurses losses as hopes for trade deal fade
Tuesday, 19 November 2019 08:08 WIB
The dollar nursed losses against major currencies on Tuesday as receding hopes for a preliminary trade deal between the United States and China hurt demand for the greenback. There have been high

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