-
Gold Intraday: Continuous Sideways
On Thursday, spot gold failed to maintain its recent rebound, ending 0.8% lower to $1,944. However, U.S. equity market was dragged lower by tech stocks, as Nasdaq 100 dropped 1.5%, wiping out the gains made earlier this week. It is reported that the Trump administration has asked U.S. gaming company Riot Games and Epic Games, owned or partly owned by Chinese tech giant Tencent, to provide information about their data-security protocols involving Tencent. The increasing uncertainty over the U.S.-China relationship may spur safe-haven demand. During Asian trading hours today, spot gold rebounded 0.4%. On the 1-hour ... (full story)