Gold set for biggest weekly drop since May 2017
Bullion’s appeal slides as hopes of headway in the Sino-US trade deal boosts risk-on sentiment
08 November 2019 - 08:38
Bengaluru — Gold prices were tepid on Friday, after dropping up to 2% in the previous session, as hopes of headway in the Sino-US trade deal boosted risk-on sentiment, denting the bullion’s appeal.
World stocks rallied and the dollar index gained after officials on Thursday said that China and the US have agreed to roll back tariffs on each others’ goods as part of the first phase of a trade deal...
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