Investing.com – Gold prices fell marginally in early morning trade in Asia, modestly giving up some sharp gains it notched during the U.S. trading session overnight.
Comex for December delivery edged down 0.01% to $1,209.90 per troy ounce by 11:49PM ET (03:49 GMT). The slide was a small reversal from a spike overnight during the U.S trading when gold futures jumped more than $11.
Gold jumped to a two-week high during the U.S. trading session even as the pulled back on the back of the potential for between the U.S. and China.
Just days after U.S. President Donald Trump threatened to by imposing tariffs on $200 billion worth of Chinese goods – a proposal that has already gone through public consultations – but also on a further $267 billion. Those tariffs, if activated, would be in addition to tariffs already in place on around $50 billion worth of Chinese goods and would cover more than the total Chinese exports to the U.S.
On Wednesday, U.S. officials said they had send an invitation to their counterparts in China. U.S. Treasury Secretary Steven Mnuchin is reportedly working to meet with top Chinese officials, including Vice Premier Liu He, who is Chinese President Xi Jinping’s top economic adviser.
also edged down. They gave up 0.13% in morning trade in Asia to $14.275. futures for December delivery were down 0.11% to $2.681.
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Source: Investing.com
