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Gold Slips as Equities Rise Ahead of US-China Trade Deal
Monday, 13 January 2020 19:52 WIB | PRECIOUS METALS |EMASGOLD

Gold prices fell nearly 1% on Monday as optimism in equity markets ahead of the signing of an interim U.S.-China trade deal and lack of further escalation in Middle East tensions diminished bullion's safe-haven appeal. The U.S.-China Phase 1 agreement is due to be signed at the White House on Wednesday.

Spot gold dipped 0.6% to $1,553.32 per ounce, having fallen 1% to $1,546.27 earlier in the session. U.S. gold futures fell 0.4% to $1,554.2.

Elsewhere, palladium rose 0.8% to $2,133.34 an ounce. Silver was down 0.7% at $17.97, while platinum fell about 0.7% to $970.79.

Source : Reuters

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