Gold rise on lessening optimism over the effectiveness of the phase-1 trade deal between US-China

 

  • Gold prices increased by US 1.1c or 0.06% to USD1,548.37 after US Treasury Secretary Steven Mnuchin said on January 14, 2020 that tariffs on Chinese goods will remain intact and in place until after the 2020 US Presidential election, a development that could restricts China’s access to one of its largest trading markets.