Gold hovers below $1,490 as traders await news on US-China talks

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Price correction is taking place as Brexit negotiations are also being factored in

Gold bullion is displayed at Hatton Garden Metals precious metal dealers in London, the UK. Picture: REUTERS/NEIL HALL

“Gold has broken multiple resistance levels in recent times and now we are seeing a correction taking place,” said Silver Bullion sales manager Vincent Tie. With no top-level meetings in sight, investors pondered how much longer the ugly trade spat, which has roiled financial markets around the world, will continue.

 

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