Tuesday, 07 July 2020
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Gold prices rise as Hong Kong dispute riles China-U.S. ties
Thursday, 28 May 2020 16:43 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices on Thursday recovered after touching a two-week low the previous session, as the rift between Washington and Beijing over Hong Kong escalated, with prices also supported by central bank and government largesse to cushion the blow from the pandemic.

Spot gold was up 0.6% at $1,718.67 per ounce, as of 07:48 GMT, having dropped to $1,693.22 on Wednesday before paring losses. U.S. gold futures rose 0.4% to $1,717.70.

Palladium rose 1.8% to $1,970.79 per ounce and platinum gained 2.1% to $836.46, while silver was flat at $17.29.

Source : Reuters

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