On Friday Gold prices fell in a consolidation, constrained by the increased risk desire in anticipations that an introductory China-US agreement will be approved soon. All this while investors anticipated some US GDP figures announcement for fresh signals.
On Thursday US Treasury Secretary Steven Mnuchin announced that the United States and China would confirm their so-called ‘Phase one’ trade agreement at the start of next year.
Spot gold dropped 0.1% to $1,478.32 per ounce while US gold futures fell 0.1% to $1,482.69 per ounce.
Asian stocks fall while US breaks new record
Daily Analysis - 20/12/2019