Gold held steady on Tuesday, after hitting its highest since Nov. 7 earlier in t...
- Gold held steady on Tuesday, after hitting its highest since Nov. 7 earlier in the session, as doubts about a trade deal between the United States and China dented risk sentiment.
“We’re not seeing any big moves at the moment and given the proximity to the $1,490-level, movements will be sideways in the short term, unless Beijing or Washington come and say that a trade deal is unlikely,” said Michael McCarthy, chief market strategist at CMC Markets. Overnight, CNBC had reported the mood in Beijing was pessimistic about the prospects of sealing an agreement.
Market participants also kept a close eye on the unrest in Hong Kong, with dozens of protesters in the financial hub staging a dramatic escape from a university campus sealed off by police on Monday.The focus now shifts to minutes from the U.S. Federal Reserve’s last policy meeting this year, due on Wednesday.
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