Spot Gold (Bullion) climbed as much as 2.4% to $1,611.42 an ounce, the highest level since 2013, and traded at $1,609.28 at 8:32 a.m. in Singapore.
There’s no change to China’s conditions for making a trade deal with the U.S. as the two nations’ leaders prepare to meet this weekend, a government spokesman said.
Crude Oil closed at its highest yet this year as OPEC and its partners committed to continuing production cuts until at least June, when they will meet to discuss an extension.
The U.S. and China are close to a trade deal that could lift most or all U.S. tariffs as long as Beijing follows through on pledges ranging from better protecting intellectual-property rights to buying a significant amount of American products, two people familiar with the discussions said.
Gold Silver Reports (GSR) – Donald Trump and Kim Jong-un have cut short their talks in Hanoi, Vietnam and skipped a scheduled lunch event.
Goldman Sachs Group Inc. chopped back its near-term metals forecasts as China’s economy has “decelerated notably,” while balancing that outlook with a prediction mainland policy makers will respond by stoking expansion in the second half, aiding a revival in copper and aluminum.