Commodities' report on Gold
According to Commodities, On Monday, spot gold prices ended lower by 0.28 percent to close at $1509.2 per ounce. Prices dipped after U.S. & China expressed their optimism over striking a deal this month to end the prolonged trade war.
On Monday, spot gold prices ended lower by 0.28 percent to close at $1509.2 per ounce. Prices dipped after U.S. & China expressed their optimism over striking a deal this month to end the prolonged trade war. The 16-month long trade spat had roiled the markets and boosted the appeal for the safe-haven asset, Gold. However, situations have seemed to run around as both countries are trying to find a way out of the protracted tariff spat which has boosted the risk appetite amongst investors and pushed Gold prices lower.
Outlook
Optimism over a possible trade deal between U.S. & China amid positive economic data from U.S. & China might boost the risk appetite amongst investors and dent the appeal for the safe-haven asset. On the MCX, gold prices are expected to trade lower today; international markets are trading lower by 0.23 percent at $1507.6 per ounce.
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Source:- https://www.moneycontrol.com/news/business/stocks/gold-prices-are-expected-to-trade-lower-today-angel-commodities-43-4604161.html
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