قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Gold prices decline as trade tensions ease off with Investing.com

Gold prices decline as trade tensions ease off with Investing.com



© Reuters.

Investing.com – Gold prices were trading lower on Friday as the ease of trade tensions between the US and China, along with other positive signs, pushed investors toward riskier assets.

For December, delivery fell 0.09% at $ 1,523.85 an ounce on the New York Stock Exchange's Comex division to 10:48 a.m. ET (2:48 AM GMT), dropping from the highest $ 1,564.15 this week .

The risk appetite is reviving after trade talks are scheduled to resume in early October. The Chinese Ministry of Commerce confirmed that Beijing and Washington officials agreed to do so in a phone call this week.

Stronger economic data in the United States also support the shift to riskier assets. Private wages rose by 1

95,000 in August, higher than the expected 140,000 pounds that economists surveyed by Jones expected. He suggests that the economy has maintained moderate growth, despite tensions in trade, overcoming fears of recession.

Developments in Hong Kong this week also played a role in weighing demand for metal in safe haven. The government has officially announced the withdrawal of a highly controversial bill that has sparked social unrest for more than two months.

Despite the losses today, gold prices still rose above 20% this year. Investors have turned to yellow metal for fears of a trade war worsening and how the Brexit plan will unfold in the UK

Disclaimer: Fusion Media would like to remind you that data containing is not necessarily real-time on this site, nor is it accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by stock exchanges, but rather by market producers, so prices may not be accurate and may differ from the actual market price, which means that prices are indicative and are not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses that you may incur as a result of using this data.

Fusion Media or anyone participating in Fusion Media assumes no responsibility for any loss or damage resulting from the reading of the information, including data, quotes, schedules, and buy / sell signals contained on this website . Please be fully informed about the risks and costs involved in trading in the financial markets, this is one of the most risky investment options available.


Source link