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Gold gains on weaker US dollar as US-China talks in focus

From kitco.com

Gold prices rose on Monday, supported by a weaker U.S. dollar ahead of U.S.-China trade talks aimed at resolving tensions, while platinum extended gains for a sixth straight session to scale a four-year peak. Spot gold rose 0.3% to $3,317.97 an ounce, as of 1124 GMT, after dropping earlier in the session to $3,293.29, its lowest level since June 2. U.S. gold futures fell 0.2% to $3,338.70. The dollar (.DXY), fell 0.2% against a basket of peers, making bullion cheaper for holders of other currencies. Investors recognise that drivers of gold, including trade and geopolitical tensions, debt concerns and weak economic ... (full story)

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  • Category: Fundamental Analysis