Search
  • MTECHTIPS;-Gold prices drop as trade tensions easeGold prices traded lower on Friday as the ease of U.S.-China trade tensions, along with other positive signs, drove investors to riskier assets. Gold Futures for December delivery were down 0.09% at $1,523.85 per ounce on the Comex division of the New York Mercantile Exchange by 10:48 AM ET (02:48 GMT), dropping from this week’s high of $1,564.15. Risk appetite revived after trade talks are scheduled to resume in early October. China’s Ministry of Commerce confirmed that officials from Beijing and Washington agreed to do so in a phone call this week. Stronger U.S. economic data also supported to shift to riskier assets. Private payrolls grew by 195,000 in August, higher than the expected 140,000 bump that economists surveyed by Dow Jones had expected. It suggested that the economy sustained a moderate growth despite trade tensions, refuting fears of a recession. Developments in Hong Kong this week also played a part in weighing down demand for the safe-haven m

    Show more
    remove Rahul Jain
    Rahul Jain

    uploaded a photo

      , Arwaliya, Madhya Pradesh, India
Close

Press esc to close.
Close
Press esc to close.
Close

Connecting to your webcam.

You may be prompted by your browser for permission.