On Wednesday the famous safe haven Gold remained strong due to uncertainty created by the new restrictions that Trump administration set on Chinese officials and companies. Fading optimism towards the developments in US-China trade discussions undermined the risk appetite, with investors following closely for evidence on monetary easing by the US Federal Reserve. Spot gold was little exchanged at $1,505.45 per ounce but held strong over $1,500 after bouncing as much as 1% in the previous session. US gold futures increased 0.5% to $1,511.01 per ounce.
US-China uncertainty returns
Daily Analysis - 09/10/2019