Commodity News
HeadLine : Gold prices slip as trade euphoria lifts risk appetite
Date : Dec 13 2019
Gold prices fell on Friday after sources said Washington and Beijing had reached an interim trade deal and averted a fresh round of U.S. tariffs, boosting appetite for riskier assets. Spot gold as down 0.2% at $1,466.35 per ounce, but was on track to post a weekly gain. In the previous session, gold prices hit their highest in over a month, driven by trade uncertainties ahead of a Dec. 15 deadline, when U.S. tariffs on Chinese goods were initially expected to kick in. U.S. gold futures were also down 0.2% at $1,469.60. Asian markets also jumped on reports that Prime Minister Boris Johnson's Conservative Party looked to have won a clear majority in UK elections. World stocks hit a record high on Thursday, passing an all-time peak set in early 2018, on respite over a prolonged trade war. silver dipped 0.1% to $16.90 per ounce, but was headed for its best week since late October, gaining over 2%, while platinum fell 0.1% to $942.68, but was set to post its best week since late August, rising 5.1%.

Source : Reuters
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