Gold benefits from worries about delay in US-China trade deal
Completion of a ‘phase one’ trade deal could be pushed into 2020, trade experts and people close to the White House say
21 November 2019 - 08:19
Bengaluru — Gold prices inched up on Thursday, supported by concerns that US bills on Hong Kong could increase tension between the US and China and delay an interim trade deal. Spot gold rose 0.1% to $1,471.93/oz by 2.35am GMT. US gold futures were down 0.1% at $1,472.20/oz.
“The main driver in gold currently is the uncertainty about the trade deal. There is the possibility that the deal might not be completed this year, so that is a key support factor,” said John Sharma, an economist with National Australia Bank...
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