Gold Slips Lower Even as US-China Trade Tensions Remain High - Forex News by FX Leaders
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Gold Slips Lower Even as US-China Trade Tensions Remain High

Posted Monday, December 2, 2019 by
Arslan Butt • 1 min read

Gold prices are trading weaker at the start of a new week and month early on Monday, falling from a weekly high on account of positive manufacturing data from China. At the time of writing, GOLD is trading at a little above $1,459.

Despite trade uncertainty dominating the market sentiment, gold has been trading under pressure in recent times as global stock markets have been ticking higher. On Monday, a strengthening in the US dollar has also driven gold prices lower.

Latest news reports suggest that the US=China phase one trade deal has possibly stalled because of the US’s latest decision to enforce laws supporting the human rights of anti-government protesters in Hong Kong. Late last week after US President Donald Trump signed these two bills into laws, China vowed to retaliate against the US for its interference.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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