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Gold hits near 1-week high as easing trade concerns hurt US dollar

From uk.reuters.com

Gold edged up to hit its highest in nearly a week on Thursday as the U.S. dollar slumped, its safe-haven appeal lessened by reduced fears over the near-term impact of Sino-U.S. trade tensions. The dollar hit a nine-week low against a basket of major currencies, while world stocks bounced up amid continued relief that fresh U.S. and Chinese tariffs on reciprocal imports were less harsh than originally feared. Spot gold gained 0.2 percent at $1,205.89 per ounce by 1:36 p.m. EST (1736 GMT), having hit its highest since last Friday at $1,028.31. U.S. gold futures for December delivery settled up $3, or 0.3 percent, at ... (full story)

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