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

PRECIOUS-Gold steady amid mixed signals on U.S.-China trade talks

Published 22/11/2019, 02:33
© Reuters.  PRECIOUS-Gold steady amid mixed signals on U.S.-China trade talks
XAU/USD
-
XAG/USD
-
GC
-
SI
-
XPD/USD
-

Nov 22 (Reuters) - Gold prices were little changed on Friday

as a report of China's efforts to smooth the way for trade talks

with the United States offset worries that an interim deal might

not occur until next year.

FUNDAMENTALS

* Spot gold XAU= was flat at $1,464.99 per ounce by 0106

GMT, while U.S. gold futures GCv1 inched higher 0.05% to

$1,464.30.

* China has invited top U.S. trade negotiators for a new

round of face-to-face talks in Beijing amid continued efforts to

strike at least a limited deal, the Wall Street Journal reported

on Thursday, citing unnamed sources. * China will strive to reach the agreement with the United

States as both sides keep communication channels open, the

Chinese commerce ministry said. * Washington passed two bills earlier this week intended to

support protesters in Hong Kong and send a warning to China on

its human rights policies. * Asian equities rose but gains were limited by persistent

worries over the trade dispute. MKTS/GLOB

* U.S. President Donald Trump's former Russia adviser Fiona

Hill urged lawmakers in the House of Representatives impeachment

inquiry on Thursday not to promote "politically driven

falsehoods" that cast doubt on Russia's interference in the 2016

U.S. election. * The number of Americans filing applications for

unemployment benefits was unexpectedly unchanged at a five-month

high last week, suggesting some softening in the labour market.

* Japan's annual core consumer inflation ticked up only

marginally in October despite the boost from a sales tax hike

during the month. * Silver XAG= was little changed at $17.10 per ounce,

palladium XPD= was flat at $1,760.76 per ounce and platinum

XPT= edged down 0.4%, to $911.66.

* A surge in investment buying will push the global platinum

market into a small deficit this year – the first since 2016 –

but a hefty surplus will return in 2020, the World Platinum

Investment Council said. (GMT)

0700 Germany GDP Detailed QQ SA, YY NSA Q3

0815 France Markit Mfg, Serv, Comp Flash PMIs Nov

0830 Germany Markit Mfg, Serv, Comp Flash PMIs Nov

0900 EU Markit Mfg, Serv, Comp Flash PMIs Nov

1445 US Markit Mfg, Serv, Comp Flash PMIs Nov

1500 US U Mich Sentiment Final 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.