Gold Prices Slip; Still Hovers Above $1,310 on Global Growth and Trade Concerns
Gold prices slipped on Monday in Asia as the U.S. dollar edged up. The precious metal remained above $1,310 as concerns on global growth slowdown and increasing uncertainties surrounding the Sino-U.S. trade war continued to dent investors’ risk appetite.
Gold futures last traded at $1,314.85 on the Comex division of the New York Mercantile Exchange by 12:57 AM ET (05:57 GMT), down 0.1%.
Gold prices slid 0.27% last week, snapping two weeks of gains while the U.S. dollar recorded its biggest weekly increase since May 2018.
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