Gold hardly changed amid lingering trade uncertainty

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South Africa Headlines News

US-China trade war has lifted metal about 14% higher in 2019, on track for its biggest yearly gain since 2010

Bengaluru — Gold prices held steady on Friday as doubts prevailed over an interim trade deal being reached between the US and China in 2019.

“The trade deal is definitely the theme at the moment as it looks like the US Federal Reserve’s easing is on hold, so anything positive about the trade dispute is clearly negative for gold and any delay is positive,” said Nicholas Frappell, global general manager at ABC Bullion. Investors, however, were wary that bills passed by Washington supporting the Hong Kong protesters could thwart a smooth passage of an interim trade deal.

 

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