KONTAN.CO.ID - LONDON. Gold rose on Monday (18/5) to its highest since October 2012 as worries regarding the souring U.S.-China relations and bleak U.S. economic data underpinned the safe-haven metal. Spot gold was up 0.9% at US$ 1,756.79 per ounce by 09.00 WIB, after rising to its highest since October 12, 2012 at US$ 1,759.98. U.S. gold futures gained 0.5% to US$ 1,765.70 per ounce. The U.S.-China "Phase 1" trade deal reached in January is not falling apart and the two countries are still working to implement it, the White House's top economic adviser said on Friday, but President Donald Trump added that he was not "thrilled" with the agreement.
Gold jumps to highest since October 2012 on U.S.-China worries
KONTAN.CO.ID - LONDON. Gold rose on Monday (18/5) to its highest since October 2012 as worries regarding the souring U.S.-China relations and bleak U.S. economic data underpinned the safe-haven metal. Spot gold was up 0.9% at US$ 1,756.79 per ounce by 09.00 WIB, after rising to its highest since October 12, 2012 at US$ 1,759.98. U.S. gold futures gained 0.5% to US$ 1,765.70 per ounce. The U.S.-China "Phase 1" trade deal reached in January is not falling apart and the two countries are still working to implement it, the White House's top economic adviser said on Friday, but President Donald Trump added that he was not "thrilled" with the agreement.