Thursday, January 16, 2020
Cairo – Agencies:
World gold prices fell, on Thursday, after an increased appetite for risk due to optimism about a phased trade agreement between the United States and China, despite continuing concerns about fees and key unresolved issues, according to Reuters.
The spot gold fell 0.2% to $ 1552.22 an ounce, by 0619 GMT.
U.S. gold futures fell 0.1% to $ 1552.60.
US President Donald Trump and Chinese Vice Prime Minister Liu He signed the one-stage trade agreement expected on Wednesday, to defuse an 18-month-old conflict that has disrupted global markets.
Adding more pressure to gold prices, global stocks rose to record levels on Thursday, as investors welcomed the trade agreement.