empty
 
 

2019.12.2309:33:00UTC+00Gold Prices Inch Higher In Pre-holiday Trade

Gold prices inched higher on Monday even as the dollar stood near two-week highs after the release of encouraging U.S. economic data released on Friday.

Both spot gold and U.S. gold futures were up around half a percent at $1,484.79 per ounce and $1,488.45 per ounce, respectively. Trading volumes remain thin ahead of the Christmas and New Year holidays.

U.S. President Donald Trump on Saturday said the United States and China would "very shortly" sign their so-called Phase One trade pact.

Trump also said that China already started large scale purchases of U.S. farm goods and that the talks with the country were productive.

However, he didn't give a date for when the so-called "phase one" agreement will actually be signed.

Meanwhile, China's Xinhua news agency said President Xi Jinping told Trump that China is deeply concerned about "the negative words and deeds" of the U.S. on issues related to Taiwan, Hong Kong, Xinjiang and Tibet.

"These actions have interfered in China's internal affairs, harmed China's interests and undermined mutual trust and cooperation between the two sides," Xinhua said.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback