Gold: Buyers dominate around $1333 amid Hong Kong Protests, China data

From fxstreet.com

With protests in Hong Kong turning serious and China’s inflation data meeting expectations, gold prices surge to the intra-day high around $1333 during early Wednesday. The yellow metal was on its back foot since the week’s start as relief from trade tussles trimmed safe-haven demand. However, threats to Mexico and China from the US President Donald Trump, coupled with criticism to the Fed, restricted the bullion’s downturn. In Hong Kong, the government’s decision to debate a law in the parliament to allow extradition to China met with wide protests that turned violent. However, latest reports suggest that ... (full story)