Gold Edges Down As Risk Appetite Rises On Trade Agreement COMMODITIES: Gold Edges Down As Risk Appetite Rises On Trade Agreement
02:09 PM EST, 12/16/2019 (MT Newswires) -- Gold ended slightly lower on Monday as a weaker U.S. dollar was offset by investors looking for riskier assets.
Gold for February delivery ended down US$0.70 to US$1,480.50 per ounce in Comex trade.
The drop came as stock markets rose after China and the United States reached an initial deal to end their trade war, convincing investors to search out riskier asset.
The U.S. dollar weakened, making gold more affordable for international buyers, boosting demand. The ICE dollar index was last seen down 0.15 points to 97.02.
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