Gold closes amid doubts over US monetary policy | Market conversation



[ad_1]

Gold rebounded on Monday, amid uncertainty over the future pace of rising US interest rates and the outcome of the weekend's G20 summit, in which world leaders will focus on trade tensions.

The spot gold price was stable at $ 1222.42 an ounce and the US gold futures were little changed at $ 1222.40 an ounce.

US President Donald Trump and his Chinese counterpart Xi Jinping are expected to discuss the trade dispute between the two countries on the sidelines of the G20 summit in Argentina on Friday.

Among the other precious metals, silver gained 0.1% on spot trading to reach $ 14.25 per ounce and platinum, up 0.8%, to reach $ 845.50 .

Palladium jumped 2.2% to $ 1,143.49 an ounce.

The price of gold fell by about 3% in the previous session, the largest decline in a day since August 15th.

[ad_2]
Source link