Gold gains in pre-holiday trade on doubts over China-US deal

Gold prices rose to more than a one-week peak on Monday in low-volume trading ahead of the Christmas and New Year holidays, as the dollar eased slightly and uncertainties over the Sino-US interim trade deal lingered.

Spot gold rose 0.3 per cent to $1,482.61 per ounce by 0800 GMT. Prices had earlier risen to their highest since Dec. 12.

US gold futures rose 0.4 per cent to $1,486.10 per ounce.

“There are some cosmetic improvements (in trade), but there is no comprehensive deal. Secondly…

View entirety: Economic Times