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Gold falls as U.S.-China trade talk progress dulls haven demand for the metal

From marketwatch.com

Gold traded lower Monday, starting the week on a softer note, with apparent progress in U.S.-China trade talks helping to dull haven-related demand for the metal as investors also showed disappointment that recent weakness in the dollar has failed to provide support. “Once the hype of U.S.-China trade deal [is over with], gold will start to rise,” said Chintan Karnani, chief market analyst at Insignia Consultants, told MarketWatch. U.S. Treasury Secretary Steven Mnuchin said Saturday the U.S. and China are continuing to make progress on trade talks and “getting close to the final round of concluding issues.” Also, ... (full story)

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  • Category: Fundamental Analysis