Gold eases, extends fall

Gold prices eased yesterday, extending falls for a third session as optimism surrounding US-China trade talks increased risk appetite, while a slight uptick in the dollar also weighed on prices.

Spot gold dropped 0,1 percent to $1 487,81 per ounce as of 0729 GMT, having shed 1 percent in the previous week.

US gold futures inched up 0,2 percent to $1 492,20 per ounce. US President Donald Trump on Friday outlined the first phase of a deal to end the protracted Sino-US trade war and suspended a threatened tariff hike, the biggest step by the two countries in 15 months. — Reuters.

Source :

The Herald

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