Gold Falls More Than 1% As US-China Trade Truce Dents Safe-Haven Demand

Gold Falls More Than 1% As US-China Trade Truce Dents Safe-Haven Demand

Monday, July 01, 2019
Gold fell more than 1 per cent on Monday to its lowest in more than a week as the dollar strengthened and investors opted for riskier assets after the United States and China agreed to restart trade talks.

Spot gold was down 1.3 per cent at $1,391.29 per ounce as of 0411 GMT, after falling to as low as $1,389.65, its lowest since June 21.

US gold futures dipped 1.3 per cent to $1,394.90 an ounce.

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