Gold Rises From Two-Week Low as Risk, Growth in Focus
Wednesday, 16 October 2019 12:47 WIB | PRECIOUS METALS |SILVEREMASGOLD
Gold climbed from the lowest close in two weeks as investors weighed a revival in U.S.-China tensions and prospects for slower global growth against stronger-than-expected U.S. corporate earnings.
China threatened to retaliate if the U.S. Congress follows through with legislation that would require an annual review of whether Hong Kong is sufficiently autonomous from Beijing to justify its special trading status. China has also tied its plan to buy more farm products with a rollback in U.S. tariffs.
Spot gold as much as +0.3% to $1,485.04/oz, and was at $1,483.59 at 12:01pm in Singapore. Metal -0.8% to $1,481.01 Tuesday, lowest level at close since Oct. 1.
Spot silver +0.2% to $17.4429/oz. Palladium +0.1% to $1,738.94/oz, after reaching record $1,741.14 on Tuesday.
Source : Bloomberg
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