Gold Dips As Investors Have Riskier Appetite – 4 November, 2019
Gold extended losses for the second day as investors turn to riskier assets as U.S.- China trade negotiations leave many watching currencies more closely. U.S. gold futures slipped 0.1% to $1,509.60 per ounce, while Spot gold inched 0.1% lower to $1,507.31 per ounce. Against a basket of six major currencies, the dollar index last stood at 97.556. The yen and Swiss franc, two safe haven currencies, slipped slightly on trade optimism. Against the yen, the dollar rose 0.12% to 108.70 yen. The greenback also gained against the Swiss franc, rising to 0.9886, adding to the 0.2% gain from the previous session.