NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

PRECIOUS-Gold gains as U.S. bill backing HK protesters fuels trade deal doubts

Published 28/11/2019, 03:06
© Reuters.  PRECIOUS-Gold gains as U.S. bill backing HK protesters fuels trade deal doubts
XAU/USD
-
XAG/USD
-
GC
-
SI
-
XPD/USD
-

Nov 28 (Reuters) - Gold rose on Thursday as investors bought

the safe-haven metal amid new doubts about whether the United

States and China will sign a trade deal after President Donald

Trump signed legislation supporting protesters in Hong Kong,

irking Beijing.

FUNDAMENTALS

* Spot gold XAU= was up 0.2% to $1,457.60 per ounce by

0132 GMT. U.S. gold futures GCv1 rose 0.2% to $1,456.30.

* Palladium XPD= shed 0.5% to $1,824 per ounce, giving up

some gains after hitting an all-time peak at $1,836.61 on a

supply deficit.

* Asian share markets wobbled, while the safe-haven yen rose

against the dollar, after Trump's move to sign into law

congressional legislation backing Hong Kong protesters fuelled

concern that efforts to end the long-running trade dispute

between the world's two biggest economies could become more

complicated. MKTS/GLOB USD/

* U.S. economic growth picked up slightly in the third

quarter, while the number of Americans filing applications for

unemployment benefits fell last week. New orders for key U.S.-made capital goods increased by

the most in nine months in October and shipments rebounded,

suggesting some stabilization in business investment. * China will speed up reforms to help build a market-based,

globalised business environment and break investment barriers

for all kinds of companies, Premier Li Keqiang was quoted as

saying during a Cabinet meeting on Wednesday. * Japan's retail sales tumbled at their fastest pace in more

than 4-1/2 years in October as a sales tax hike prompted

consumers to cut spending. * Platinum XPT= was up 0.2% to $894.24 and silver XAG=

rose 0.3% to $17 per ounce.

DATA/EVENTS (GMT)

0030 Australia Capital Expenditure Q3

1000 EU Consumer Confid. Final Nov

1100 Brazil IGP-M Inflation Index Nov

1300 Germany CPI Prelim YY Nov

1300 Germany HICP Prelim YY Nov

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.