Gold is consolidating in uncertainty as to the evolution of US monetary policy



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By 1830 GMT, the spot gold price was stable at 1222.42 dollars an ounce. The futures on American gold have changed little 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.

"If Trump and Shie can not reach an agreement at the G20 meeting, I think the Federal Reserve will suspend interest rate increases next year," said Walter Beahawach, director General of the investment services company Dillon Gedge.

Among the other precious metals, silver gained 0.1% in spot trading at $ 14.25 an ounce and platinum 0.8% to $ 845.50.

Palladium jumped 2.2% to $ 1,143.49 an ounce. Prices had dropped about 3% in the previous session, the biggest drop in a day since August 15th.

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By 1830 GMT, the spot gold price was stable at 1222.42 dollars an ounce. The futures on American gold have changed little 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.

"If Trump and Shie can not reach an agreement at the G20 meeting, I think the Federal Reserve will suspend interest rate increases next year," said Walter Beahawach, director General of the investment services company Dillon Gedge.

Among the other precious metals, silver gained 0.1% in spot trading at $ 14.25 an ounce and platinum 0.8% to $ 845.50.

Palladium jumped 2.2% to $ 1,143.49 an ounce. Prices had dropped about 3% in the previous session, the biggest drop in a day since August 15th.

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