Wednesday, 27 May 2020
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Gold Heads for Largest Weekly Loss Since 2017
Friday, 8 November 2019 08:38 WIB | PRECIOUS METALS |GOLDEMAS

Gold steadies on Friday and heads for the largest weekly loss in more than two years, as the U.S. and China agree to roll back tariffs on each other™s goods, boosting trade sentiment.

Spot gold little changed at $1,467.44/oz at 8:26am in Singapore after losing 1.5% on Thurs. Metal headed for weekly loss of about 3%. Spot silver steady at $17.0920/oz, heading for lowest close since Sept. Platinum little changed and heads for weekly loss of more than 4%; palladium steady at $1,802.89/oz.

œIn the past two weeks, top negotiators had serious, constructive discussions and agreed to remove the additional tariffs in phases as progress is made on the agreement, China™s Ministry of Commerce spokesman Gao Feng said Thursday. White House economic adviser Larry Kudlow later confirmed the advance in negotiations.

Source : Bloomberg

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