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Gold steady as traders watch for developments on trade and Brexit

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South Africa Headlines News

Spot gold rises 0.2% as investors await clarity on global uncertainties

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

Spot gold inched 0.2% higher to $1,496.49/oz, while US gold futures were little changed at $1,501.00/oz. Equity markets gained after US President Donald Trump said he would meet China’s top trade negotiator, while a White House official said the first day of talks had gone “probably better than expected.”

Over to Brexit, Irish Prime Minister Leo Varadkar said on Thursday a deal could be clinched by end-October to allow the UK to leave the EU in an orderly fashion, after what he called a very positive meeting with Boris Johnson.

 

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