MTNewswires:Gold Up 0.2% Market Awaits Outcome of Tradetalks COMMODITIES: Gold Ends Up 0.2% As Market Awaits Outcome of Trade Talks
02:15 PM EST, 11/19/2019 (MT Newswires) -- Gold prices edged higher on Tuesday as the market remained uncertain on the course of talks between China and the United States to end their trade war.
Gold for December delivery ended up US$2.40 to settle at US$1,474.30 per ounce on the Comex exchange.
The rise came as little new information emerged on the status of negotiations between China and the United States kept some investors on edge and broadened the appeal of the metal as a safe haven. However the U.S. did give an extension to its companies to continue doing business with Huawei Technologies.
The U.S. dollar edged up, making the metal more expensive for international buyers. The ICE dollar index was last seen up 0.02 to 97.82.