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Gold Holds Weekly Drop as Dollar Steadies Amid Trade
Monday, 20 May 2019 15:50 WIB | PRECIOUS METALS |GOLDEMAS

Gold held a weekly loss as the dollar steadied and markets remained fragile after the escalation in the U.S.-China trade war.

Spot gold -0.1% at $1,275.92/oz at 7:24am in London, after dropping 0.7% last week. Bloomberg Dollar Spot Index steady, after +0.8% last week.

Chinese Foreign Minister Wang Yi told U.S. Secretary of State Mike Pompeo in a call on Saturday that while it™s still possible to work out a deal, Beijing must safeguard its interests. President Donald Trump said he was œvery happy with the trade war and that China wouldn™t become the world™s top superpower under his watch, signaling he was in no rush to get back to the negotiation table.

Source : Bloomberg

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