Gold Drops 0.7% On Higher Dollar, Trade Talk Uncertainty COMMODITIES: Gold Drops 0.7% On Higher Dollar, Trade Talk Uncertainty
02:10 PM EST, 11/21/2019 (MT Newswires) -- Gold futures ended low on Thursday, pushed down by a higher U.S. dollar and conflicting reports on the progress of trade talks between China and the United States.
Gold for December delivery ended down US$10.60 to US$1,463.60 per ounce in Comex trade.
The drop came as the U.S. dollar rose, making the metal more expensive for international buyers. The ICE dollar index was last seen up 0.07 points to 98.00.
Conflicting reports on trade talks between China and the United States have also kept gold in a narrow range, as reports that the U.S. government does not expect a trade deal to be complete this year come up against others that said China has invited U.S. negotiators to resume face-to-face talks.