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Gold Holds Near Two-Week Low as Risk, Growth in Focus
Wednesday, 16 October 2019 15:24 WIB | PRECIOUS METALS |EMASGOLD

Gold held near the lowest close in two weeks as investors weighed a revival in U.S.-China tensions and prospects for slower global growth against stronger-than-expected U.S. corporate earnings.

Spot gold little changed at $1,481.71/oz at 7:46am in London after -0.8% Tuesday. Bloomberg Dollar Spot Index steady after -0.1% Tuesday.

China threatened to retaliate if the U.S. Congress follows through with legislation that would require an annual review of whether Hong Kong is sufficiently autonomous from Beijing to justify its special trading status. China has also tied its plan to buy more farm products with a rollback in U.S. tariffs.

Source : Bloomberg

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