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Gold on hold as Sino-US trade uncertainty persists

Gold prices were little changed on Tuesday as differing views of Chinese and US officials on the interim trade deal announced last week kept investors on the sidelines.

December 17, 2019 / 08:22 IST
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Gold prices were little changed on Tuesday as differing views of Chinese and US officials on the interim trade deal announced last week kept investors on the sidelines.

FUNDAMENTALS

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* Spot gold was trading at $1,475.74 per ounce by 0044 GMT. U.S. gold futures were flat at $1,480.20.

* The "Phase One" trade deal has been "absolutely completed", a top White House adviser said on Monday, adding that U.S. exports to China will double under the agreement. However, Beijing remained cautious ahead of the signing of the agreement.