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Gold Settles Lowers as Trade Concerns Ease

M. Ali 25 August, 2020 11:31 pm Commodities, Market Update

Gold prices finished lower on Tuesday, for the second consecutive day, as the remarks by US and China top trade officials eased concerns about a trade war between the world’s two largest economies, thus, lowering demand for safe havens.

However, the US Dollar’s (USD) decline provided some support for the yellow metal.

Gold futures for December delivery decreased by $16.10, or 0.8%, and settled at $1,923.1 per ounce.

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