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Gold Settles At a 1-Month High as U.S.-China Trade Detente Softens Dollar
Tuesday, 4 December 2018 03:58 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures on Monday climbed to their highest finish in a month, as a cease-fire in the trade skirmish between the U.S. and China weakened the dollar, which has been the de facto haven amid tariff conflagrations between the world™s largest economies.

Gold for February delivery climbed $13.60, or 1.1%, to settle at $1,239.60 an ounce, for the contract™s highest settlement since Nov. 1, according to FactSet data. Prices registered a weekly fall of nearly 0.3% on Friday. However, the yellow metal gained 0.9% from the most-active December contract settlement of $1,215 on Oct. 31.

The ICE U.S. Dollar Index was down 0.3% at 96.985. A weaker dollar typically boosts investment demand for dollar-priced commodities, like gold.

Source : Market Watch

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