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Gold firms as dollar eases on U.S.-China trade hopes

Reuters 

By Eileen Soreng(Reuters) - Gold prices edged higher on Tuesday, buoyed by a slight retreat in the U.S. dollar amid optimism about a potential resolution of the U.S.-China trade conflict.Spot gold was up 0.2 percent at $1,310.95 an ounce at 1:48 p.m. EST (1848 GMT), having declined 0.4 percent in the previous session. U.S. gold futures settled 0.2 percent higher at $1,314.00. "Gold is likely to be quiet for the remainder of the week pending news on the U.S.-China trade talks, and the U.S. government shutdown," said Bob Haberkorn, senior market strategist at RJO Futures."If there is an ...

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First Published: Wed, February 13 2019. 00:40 IST
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