Lockdown rollbacks shunt gold to two-week low
Looming US showdown with China over Hong Kong may brighten it again
27 May 2020 - 07:21
Bengaluru — Gold was trading near a two-week low on Wednesday as optimism around several economies reopening dulled the metal’s safe-haven appeal, though increasing Sino-US frictions over Beijing’s proposed security law for Hong Kong tempered losses.
Spot gold eased 0.1% to $1,710.01/oz by 0301 GMT, trading near the last session’s low of $1707.10/oz, when prices dropped as much as 1.3%. US gold futures were also down 0.1% to $1,703.20...
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