Gold Edges Lower as China-US Trade Uncertainty Dents Yuan
Monday, 13 May 2019 12:37 WIB | PRECIOUS METALS |GOLDEMAS
Gold prices dipped on Monday as Sino-U.S. trade tensions and uncertainty over a deal weighed on yuan, making the bullion expensive for buyers in world™s largest consumer ” China.
Spot gold was down 0.2% at $1,283.46 per ounce, as of 0351 GMT.
U.S. gold futures slipped 0.2% to $1,284.40 an ounce.
The trade war between the world™s two leading economies escalated on Friday, with the United States hiking tariffs on $200 billion worth of Chinese goods after Trump said Beijing œbroke the deal by reneging on earlier commitments.
Source : Reuters
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