Gold falls on increased risk appetite
US gold futures slide on hopes of a China-US deal being signed in January
Gold prices inched lower on Friday due to increased risk appetite on hopes of an interim Sino-US deal being signed soon and as investors awaited the release of US GDP data. Spot gold edged 0.1% lower to $1,478/oz by 1.35am GMT. US gold futures fell 0.2% to $1,482/oz.
US treasury secretary Steven Mnuchin said on Thursday the US and China would sign their so-called phase one trade pact at the beginning of January, adding that it would not be subject to any renegotiation. China’s finance ministry unveiled a new list of import tariff exemptions for a duration of one year starting December 26 for six chemical and oil products from the US...
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