Gold slips as investors book profit, holds on to near 9-year high

U.S. gold futures rose 0.1% to $1,867. “With tension between the United States and China rising, U.S. bond yields continuing to edge lower, and a weaker dollar very much in evidence, the case for higher gold prices remains strong,” said Jeffrey Halley, a senior market analyst at OANDA. In a marked escalation between the world’s two biggest economies, the United States gave China until Friday to close its consulate in Houston amid accusations of spying, which also hit risk sentiment. …read more

Source:: Yahoo Finance

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