Gold falls as reopened trade talks create appetite for risk
Prices fell 2% on the news that China and the US have agreed to talk again, but analysts say they should not fall much further
01 July 2019 - 14:49
Bengaluru — Gold prices fell as much as 2% on Monday as the dollar rallied after the US and China agreed to restart trade talks, boosting investor appetite for riskier assets and taking the fizz out of the precious metal’s recent rally.
Spot gold was down 1.3% at $1,391 and ounce as of 11.42am GMT, after falling to its lowest since June 20 at $1,381.51...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.