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Gold Declines as Growing Trade Optimism Hurts Haven Demand
Gold slipped to the lowest in more than a month as tension eased in the global trade war, pushing investors away from haven demand. Progress in trade talks helped riskier assets, which rebounded broadly. The White House said President Donald Trump had secured deals totaling more than $243.5 billion with Qatar, laying the groundwork for a bigger $1.2 trillion economic pledge with the tiny Gulf country. And, as part of the tariff truce between the US and China over the weekend, China is suspending a trade and investment ban against more than a dozen US companies. “Overall it’s an improved risk sentiment that for ... (full story)
