Tuesday, 16 July 2019
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Gold Steady as Trade Tensions Ease Before Fed
Friday, 14 December 2018 16:12 WIB | PRECIOUS METALS |GOLDEMAS

Gold trades steady, set for its biggest weekly drop in five weeks, as investors weigh easing trade tensions between the U.S. and China ahead of the U.S. Federal Reserve™s final policy meet of 2018 next week.

China is considering plans to delay some targets in its strategy to dominate high-end technologies as it tries to ease trade tensions with the U.S. The dollar is poised to post its biggest weekly advance in 3 weeks.

Spot gold little changed at $1,242.26/oz at 10:46am in Singapore; -0.6% this week.

Other precious metals; Silver -0.4%; +0.5% this week. Platinum -0.1%; +0.4% this week. Palladium -0.5% after hitting record $1,271.69/oz on Thursday.

Bloomberg

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