Gold dips as easing trade war concerns lift dollar [Reuters]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Reuters
Gold dips as easing trade war concerns lift dollar - Reuters 3 Min Read (Reuters) - Gold prices edged lower on Monday, pressured by a robust dollar, as fears of an escalation in the U.S.-China trade war eased after a report that the United States does not currently plan to de-list Chinese companies from the U.S. stock markets. Spot gold was 0.4% lower at $1,490.50 per ounce as of 0649 GMT. Prices had hit $1,486.60 in the previous session, their lowest since Sept. 18. U.S. gold futures dipped 0.6% to $1,497.20 per ounce. The White House is not contemplating blocking Chinese companies from listing shares on U.S. exchanges at this time, Bloomberg quoted Treasury spokeswoman Monica Crowley as saying on Saturday. This came after Reuters reported on Friday the U.S. administration was considering de-listing Chinese companies from U.S. stock markets, fanning worries amongst investors about the fate of the long-drawn trade war. “For the short term, there is some confusion considering the contr
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