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Gold extends drop as easing trade war anxiety cools haven demand
Gold’s recent selloff accelerated as traders bet on signs that its explosive rally may have run too hard and too fast. Hedge fund managers cut their net-long U.S. futures and options positions on the metal to the lowest in 14 months, the latest Commodity Futures Trading Commission data show.
Gold hits new record over US-China trade war fears
Gold has jumped to a fresh high as investors fret over the impact of the trade war between the US and China. Spot gold touched $3,357.40 (£2,540) per ounce on Wednesday, before dipping from its peak. It has risen by around a third since the start of the year.
Khaleej Times on MSN6h
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