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Gold prices record slight gains in the end of weekly trading

2019-08-30 10:53 am | Resource: News | No Views : 15

 Gold prices record slight gains in the end of weekly trading

 Gold prices fell as a safe haven on Friday after China and the United States signaled the possibility of resuming trade talks between the two sides.

Wall Street continues to rise ahead of the market, as the Dow rose more than 150 points

US stocks extended their strong performance in the pre-Friday market as investors remained optimistic about trade negotiations between China and the United States. BEIJING (Reuters) - Chinese and US teams leading the trade negotiations have "maintained effective communication" and hope the latter will meet "halfway" to resolve their trade dispute, the Ministry of Commerce said.

China hopes to meet the United States halfway

Chinese and Chinese teams leading the trade negotiations "have maintained effective communication," Chinese Ministry of Commerce spokesman Gao Feng told the press Friday.

China strongly protested the imposition of surcharges on Chinese imports and hoped that Washington would meet Beijing "halfway" and resolve the trade dispute "on the basis of equality and mutual respect," the spokesman said. He said that the two sides are currently discussing their next meeting, which is supposed to be held in the United States in September, noting that it is important to create the necessary conditions for the two sides to resume discussions.
  • The Dow rose 0.63% or 167 points.
  • The Nasdaq 100 rose 0.71%.
  • The S&P 500 rose 0.65%, all at 12:05 CET.

 The US dollar index, which tracks the performance of the greenback versus a basket of currencies, was up 0.09% to trade at 98.55 points.

Gold Trading
  • Yellow metal futures rose marginally 0.16%, or $ 2.5, to $ 1,539.4 an ounce, at 09:36 am CET.
  • Spot delivery settled at $ 1528.59 an ounce, with prices heading for a slight weekly loss of 0.1%.

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