Thursday 14 November 2019

Gold Prices Rose After A Speech By U.S. President Donald Trump Dashed Hopes

Gold trading range for the day is 37642-38376.

Gold prices rose after a speech by U.S. President Donald Trump dashed hopes for a positive sign on a U.S.-China trade deal.

Prices also gained growing worries that trade talks are stalling and concern about intensifying unrest in Hong Kong hurt demand for risky assets.

U.S. and Chinese negotiators were "close" to a "phase one" trade deal, Trump said in speech, but offered no new details on negotiations.

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