Gold posts lowest finish this month, logs weekly losses

Gold prices fell during trading hours today, to post lowest close month to date, as stocks markets surged amid news of a US-China trade agreement, shrugging off the dollar sharp decline.

News reports quoted sources that the US and China have reached a partial trade agreement today, under which China will buy more US agricultural products and the US ease the tariffs.

As of 18:14 GMT, the dollar index fell by 0.4% to 98.2 points, with an intraday high of 98.7 and a low of 98.2 points.

Gold futures for December delivery fell by 0.8% to close at $1,488.70 an ounce (the lowest close since September 30), and posted a weekly loss of 1.6%, with a session-high of $1,508 and a low of $1,478.