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It’s been a quiet week for metals despite plenty of developments to note. As of writing, gold prices are just a little below the weekly open and have yet to break the range of the prior week.
The week started with a weaker tone to risk appetite. This kept gold prices supported as traders reacted to news that China was reluctant to sign the trade deal agreed to at last week’s trade talks in Washington.
Despite Trump having announced that a deal had been done, the two leaders are yet to officially sign off on the deal. China is reportedly concerned with some of the details of the deal and needs to go over things some more before it is willing to ratify it.
This was a worrying sign for markets given that talks collapsed earlier in the year with Trump accusing China of wasting time and backing out of the deal at the last minute. Indeed, the US was quick to issue a warning to China saying that it would press ...
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