Gold treads water on US-China trade doubts

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Gold’s price action on Thursday was reminiscent of watching paint dry despite Donald Trump signing a bill backing Hong Kong protesters.

Given the complex relationship between Hong Kong and China, this bold move by Washington will certainly raise concerns about the prospects for an interim US-China trade deal. However, this negative sentiment and growing caution have failed to support Gold with prices trading around $1455 as of writing. With China warning the United States that it would take “firm countermeasures” against the United States after Trump signed the Hong Kong bill, trade… Read More:

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