Monday, 18 November 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold trims gains as White House dismisses news of US-China trade-talk fallout | Emas Pangkas Kenaikan Karena Gedung Putih Tolak Berita Tentang Kegagalan Pembicaraan Perdagangan AS-China
Thursday, 10 October 2019 08:43 WIB | PRECIOUS METALS |GOLDEMAS

Gold is currently trading at $1,512 per Oz, representing 0.30% gains on the day, having hit a high of $1,517 at 22:55 GMT on Wednesday.

The yellow metal had picked up a strong bid at lows near $1,505 on reports stating that lack of progress in the US-China trade talks.

High-level talks are expected to last for only one day, with Liu He and his team now planning to leave Washington on Thursday, South China Morning Post cited a person with knowledge of the matter. The news report triggered risk aversion, sending the futures on the S&P 500 down by more than 0.5%.

The risk-off, however, has weakened somewhat in the last few minutes with White House's spokesperson Judd Deere calling SCMP report inaccurate. Deere told CNBC's Washington Correspondent Kayla Tausche that the White House is not aware of a change in the Vice Premier Liu His plans at the time and the Chinese are scheduled to depart Friday evening.

Gold trimmed gains after Deere's comments. Prices dropped to $1,507 a few minutes before press time, before bouncing back to $1,512. The yellow metal, however, may again rise to levels near $1,520 if the White House confirms the news of trade-talk fallout. It is worth noting that Fox Business is also reporting an early end of trade talks.

Source: Fxstreet

RELATED NEWS
Gold futures fall for the session, gain 0.4% for the week...
Saturday, 16 November 2019 02:01 WIB

Gold futures declined on Friday, as optimism that phase one of a U.S.-China trade deal will soon be reached, and strength in the U.S. stock market dulled haven demand for the metal. For the week, how...

Gold Edges Lower as Trade Deal Hopes Dent Haven Appeal...
Friday, 15 November 2019 21:14 WIB

Gold futures trade lower Friday, halting a rebound after upbeat comments on the outlook for a œphase one trade deal between the U.S. and China robbed the metal of its haven appeal. Gold for Dece...

Gold Pares Weekly Gain After Kudlow's Comments on Deal...
Friday, 15 November 2019 09:31 WIB

Gold declined, trimming its fourth weekly gain in five, after White House economic adviser Larry Kudlow signaled progress on a trade deal with China. Spot gold as much as -0.3% to $1,466.90...

Gold Tallies Back-To-Back Gains as Treasury Yields Retreat...
Friday, 15 November 2019 02:06 WIB

Gold futures settled higher on Thursday, building on gains from a day earlier as weakness in U.S. benchmark stock indexes and a drop in yields on government debt raised the precious metal™s investme...

Gold Claws Back Ground as Treasury Yields Retreat...
Thursday, 14 November 2019 21:02 WIB

Gold futures were modestly higher Thursday, finding support as yields on government debt continue to fall, lowering the opportunity cost of holding the metal. Gold for December delivery on Comex, ros...

LATEST NEWS
Hong Kong Stocks Close Flat, Ending Tough Week (Review)

Hong Kong shares finished barely moved Friday, bringing an end to a tumultuous week that has seen the city crippled by violent protests, which show no sign of abating. The Hang Seng Index inched up 2.97 points to 26,326.66. The benchmark Shanghai...

Trade Hopes Propel Wall Street to Records; Healthcare Climbs

Wall Street's main stock indexes closed at record levels on Friday, fueled by fresh optimism over a potential calming of U.S.-China trade tensions and by big gains in shares of healthcare companies. The Dow Jones Industrial Average rose 221.71...

Oil gains 1.7%, shrugging off rising supply concerns

Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal, but worries about increasing crude supplies capped prices. Benchmark Brent crude gained $1.03, or 1.7%, to settle at $63.31 a...

POPULAR NEWS
Gold futures fall for the session, gain 0.4% for the week
Saturday, 16 November 2019 02:01 WIB

Gold futures declined on Friday, as optimism that phase one of a U.S.-China trade deal will soon be reached, and strength in the U.S. stock market...

Gold Pares Weekly Gain After Kudlow's Comments on Deal
Friday, 15 November 2019 09:31 WIB

Gold declined, trimming its fourth weekly gain in five, after White House economic adviser Larry Kudlow signaled progress on a trade deal with...

Gold Edges Lower as Trade Deal Hopes Dent Haven Appeal
Friday, 15 November 2019 21:14 WIB

Gold futures trade lower Friday, halting a rebound after upbeat comments on the outlook for a œphase one trade deal between the U.S. and China...

Hong Kong Stocks Close Flat, Ending Tough Week (Review)
Saturday, 16 November 2019 04:28 WIB

Hong Kong shares finished barely moved Friday, bringing an end to a tumultuous week that has seen the city crippled by violent protests, which show...