Gold Extends Drop as US-China Trade Progress Eases Haven Demand
From finance.yahoo.com
Gold declined — after posting its first weekly drop since mid-August — as the US and China neared a trade agreement and on signs that a scorching rally in precious metals has run too far, too fast. Bullion fell as much as 1.2% to near $4,065 an ounce. The US and China signaled they were nearing completion of a sweeping deal as President Donald Trump visits the region for a series of diplomatic talks. An agreemeent would ease some of the geopolitical tensions that have bolstered demand for haven assets including gold. A blistering rally that began in mid-August and propelled gold to a record just above $4,380 an ounce ...
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