Gold futures settled firmly lower Monday, driving the yellow metal to the weakest level level in about three months.
December gold concluded the session off $5.80, or 0.4%, at $1,457.10, marking the lowest finish for the most-active contract since early August, according to Dow Jones Market Data.
A recent resurgence in equity markets, notably the Dow Jones Industrial Average and the S&P 500 index have sapped demand for gold and assets perceived as havens, including Treasurys.
Oil eased in Asian trading Monday after President Donald Trump said trade talks with Beijing were progressing, while casting doubt on how far the White House was prepared to bend in removing tariffs.
Brent crude futures were down 0.3%, after rising 0.4% on Friday. The global crude benchmark gained 1.3% over the past week. Trump said Saturday that negotiations with China are moving along œvery nicely, and said the leaders in Beijing wanted a deal œmuch more than I do....
Tokyo stocks opened higher on Monday, helped by rallies on Wall Street amid increasing optimism over the US-China trade talks.
The benchmark Nikkei 225 index climbed 0.21 percent or 49.05 points at 23,440.92 in early trade, while the broader Topix index was up 0.36 percent or 6.12 points at 1,708.89.
Gold advanced after its biggest weekly drop in three years as investors weigh the latest developments in U.S.-China trade talks and escalating unrest in Hong Kong. Palladium fell to a one-month low.
President Donald Trump said Saturday trade talks with China are moving along œvery nicely, and said the leaders in Beijing wanted a deal œmuch more than I do. Citywide protests in Hong Kong that saw a demonstrator shot helped support demand for haven assets after last week™s...
The dollar held near multi-week highs on Monday amid optimism that the United States and China would roll back tariffs that have hurt global growth.
Against the Australian dollar the greenback stood just below a two-week peak at $0.6857. Against the New Zealand dollar, it was close to a month high at $0.6336, and likewise against a basket of currencies at 98.358.
Moves were slight as traders kept a wary eye for further news on the U.S.-China trade war.
The dollar was marginally weaker...