Monday, 19 August 2019
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Gold pares losses after tapping its lowest level of the year
Tuesday, 22 May 2018 01:34 WIB | PRECIOUS METALS |GOLDEMASEmas berjangka

Gold futures settled Monday with only a modest loss, after touching their lowest intraday levels of the year, as the U.S. dollar pared earlier gains on easing trade tensions between the U.S. and China.

June gold fell by 40 cents, or 0.03%, to settle at $1,290.90 an ounce. It had traded as low as $1,281.20, the lowest intraday level since December of last year. July silver meanwhile, tacked on 0.4% to $16.52 an ounce.

Gold™s moves followed a weekly drop of 2.2%. Last week™s slump was highlighted by a Thursday settlement at $1,289.40 an ounce”the lowest finish for a most-active contract since December.

Treasury Secretary Steven Mnuchin said Sunday that the Trump administration would œput the trade war on hold, and delay tariffs on Chinese imports to the U.S., while the two countries hammer out details of a deal to reduce the trade deficit with China.

Source: Marketwatch

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