Gold set for second weekly gain
But spot gold falls 0.2% on China-US trade war uncertainty and as investors gauge the Federal Reserve’s future rate cut stance
01 November 2019 - 08:08
Gold edged down on Friday on profit booking and as investors gauged the Federal Reserve’s future rate cut stance, but the metal was set for a second weekly gain as the uncertainty surrounding a US-China trade deal boosted safe-haven appeal.
Spot gold fell 0.2% to $1,510.77/oz at 3.15am GMT, while US gold futures were down 0.1% at $1,513.20/oz. But spot gold is set to rise 0.5% on a weekly basis, after a 1% gain the previous week...
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