Gold falls to one-week low as growth worries ease

Positive catalysts include better-than-expected credit and export growth figures from China and hopes of a US-China trade-spat resolutionA Pakistani customer checks gold jewellery at a shop in Karachi, Pakistan. Picture: AFP/ASIF HASSAN

Among positive catalysts in the market are a better-than-expected credit and export growth figures from China, a positive kick-off to the earnings season in the US and hopes of a US-China trade-spat resolution, Yang added. Also helping risk-on sentiment, US treasury secretary Steven Mnuchin said on Saturday a US-China trade agreement would go “way beyond” previous efforts to open China’s markets to US companies and hoped that the two sides were “close to the final round” of negotiations.

Source: News Formal (newsformal.com)

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold benefits as weak US data takes the wind out of the dollar’s sailsThe metal’s gains over the past 24 hours ‘were a follow-up on the jobs report from the US on Friday’, says DailyFX strategist Ilya Spivak
Source: BDliveSA - 🏆 12. / 63 Read more »

Gold inches lower but remains near two-week highThe safe-haven metal is likely to continue its rally amid concerns of an economic slowdown
Source: BDliveSA - 🏆 12. / 63 Read more »

Gold holds steady after steep fallThe metal is little changed after a sharp decline in the previous session, although weaker dollar and equities provided support
Source: BDliveSA - 🏆 12. / 63 Read more »

Gold heads for first weekly gain in three on weaker dollarThe dollar is on track for its first weekly fall in four weeks; silver is set for a third weekly loss and platinum is heading for its fifth weekly gain
Source: BDliveSA - 🏆 12. / 63 Read more »

Gold Fields unveils R11.6bn Chile mine projectGold Fields closes in on a final decision to build the R11.6bn Salares Norte project to add 450,000oz of gold a year to the group
Source: BDliveSA - 🏆 12. / 63 Read more »

Sibanye raises another R1.7bn in gold prepayment deal with CitibankThe funding is expected to be accounted for as deferred revenue under International Financial Reporting Standards.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Gold drops below $1,300 on firm dollarRise in European airline stocks pulls investors away from gold, which is feeling the pressure of dovish sentiment from central banks
Source: BDliveSA - 🏆 12. / 63 Read more »

Gold loses ground on stronger dollarThe metal slips, but remains near a two-week peak hit in the previous session as equities sag on concern over global growth and trade tensions between the US and Europe
Source: BDliveSA - 🏆 12. / 63 Read more »

Valcambi loses deal to refine 4-million ounces of Newmont’s goldUS-based Newmont put the contract up for tender in 2018 and has split the business between three of Valcambi's rivals
Source: BDliveSA - 🏆 12. / 63 Read more »

Gold still near two-week peak on IMF economic growth fearsSPDR gold holdings drop for seventh session running as spot platinum rises 0.6% and palladium declines by 0.5%
Source: BDliveSA - 🏆 12. / 63 Read more »