Gold rises as dollar holds ahead of trade talks

2019-10-09 20:13:43 GMT (Economies.com)
Gold rises as dollar holds ahead of trade talks

Gold prices rose during today's trading hours while the US dollar steadied against a basket of major currencies amid the wide anticipation of a new round of the US-China trade talks.

 

The new round will begin tomorrow in Washington, in attempts to reach a trade deal that will end the ongoing trade dispute between the two countries.

 

While a statue of uncertainty surrounds the possibility of reaching a trade deal, after the recent escalating measures by the US.

 

Bloomberg quoted a Chinese government official saying that China is willing to talk about a possible partial deal with the US, as long as no more tariffs are imposed by Washington.

 

While the US President Donald Trump has earlier stressed that it is possible to reach a trade agreement with the Chinese side.

 

As of 18:08 GMT, the dollar index held at 99.1 points, with a session-high of 99.1 and a low of 98.9 points.

 

Gold futures for December delivery rose by 0.6% to close at $1,512.8 an ounce, with an intraday high of $1,516.9 and a low of $1,505.1.

 
 
 
  Symbol Last Change Chg.%
1.1165
-0.0001
0.0125%
1.2981
0.0029
0.2258%
17.715
0.170
0.970%
53.360
-0.347
0.647%
58.76
-0.69
1.16%
1491.535
1.380
0.093%
 
 
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