Gold slips to one-week low on optimism about US-China trade deal
‘The threat of a full escalation to a trade war, with bans and boycotts, is off the radar screen for the moment,’ analyst Carsten Menke says
25 November 2019 - 14:02
Bengaluru — Gold edged down to a one-week low on Monday after the US and China expressed willingness to sign an initial trade deal by year-end, boosting market sentiment and driving investors to assets seen as higher risk.
Having slipped for the previous three sessions, spot gold was down 0.2% at $1,459.28/oz at 10.27am GMT, after earlier touching its lowest since November 18 at $1,455.90. US gold futures were 0.3% lower at $1,459.30...
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