Gold Is Stable While Deals Wait To Be Made – 22 October, 2019

In uncertainty on the future of Brexit and the U.S.- China trade war, gold was little changed. U.S. gold futures gained 0.3% to $1,492.20 per ounce, while spot gold rose 0.1% to $1,489.07 per ounce. Investors are awaiting progress with bot situations and are monitoring the precious metals should it surpass the $1,490-$1,535 marks in either direction. The U.S.- China trade war has weighed heavy on the global economy, with a back and forth fight finally seeing forward moving progress after 15 months. Delays between the European Union and Britain and their inability to come up with a deal will be under closer scrutiny as the scheduled divorce date of October 31 arrives next week.