Gold prices gave up the bulk of their losses on Wednesday to finish just a dime lower, finding support after Reuters reported that phase one of a U.S.-China trade deal might not be reached this year.
That lifted haven demand for the precious metal. Prices then moved even lower as minutes from the Federal Reserve™s October meeting, released after the gold price settlement, showed that Fed officials were more optimistic about the economic outlook and were against using negative rates in the...
Gold prices fell on Thursday to mark their lowest settlement in just over a week.
"Gold's sensitivity to trade-deal headlines seems to be easing off," said Adrian Ash, director of research at BullionVault. "Traders are tiring of this flood of rumor and counter-rumor as progress stalls."
December gold lost $10.60, or 0.7%, to settle at $1,463.60 an ounce, with prices for the most-active contract at the lowest finish since Nov. 13, according to FactSet data.
Source : Marketwatch
The U.S. dollar was flat on Wednesday ahead of the expected release of the Federal Reserve meeting minutes and as tensions between Washington and Beijing rose.
China took offense to the U.S. Senate passing legislation that backed Hong Kong protesters and would ban the export of items like tear gas and rubber bullets to the city's police force, as conflict between the two sides escalated this week.
The news added to jitters after U.S. President Donald Trump reiterated that he would raise...
Gold prices on Thursday eased from the last session™s two-week high after a report that China has invited top U.S. negotiators for a new round of face-to-face talks, and is seeking to reach an initial trade agreement with the United States.
Spot gold declined by 0.2% to $1,468.09 per ounce. Prices had notched a two-week high of $1,478.80 in the previous session, before turning negative, after the U.S. passed a bill supporting Hong Kong anti-government protesters. U.S. gold futures were flat...
The dollar held overnight gains on Friday, as investors clung to the safe-haven pending developments in Sino-U.S. trade negotiations and amid a growing scepticism about reports of progress in the talks.
Movements were slight as investors also looked to a slew of global manufacturing surveys published later in the day for clues on how deeply the U.S.-China trade dispute is hurting the world™s economy.
The greenback crept higher against the Japanese yen to 108.58 yen and was steady against...