Gold fell on Friday as investors sought riskier assets amid optimism the United States and China may reach a trade deal but a pause in U.S. interest rate hikes put bullion on track for a second weekly increase.
Gold prices hit a more than seven-month high on Tuesday as investors shun riskier assets on worries over escalation in Sino-U.S. trade tensions after the U.S. Justice Department charged China’s Huawei Technologies Co Ltd with fraud.
Oil prices crept higher on Tuesday after the US government slapped sanctions on Venezuela's state-owned oil firm PdVSA in a move aimed at severely curbing the OPEC member's crude exports to the United States.
Gold hit an eight-month high while world stock markets were mixed ahead of further U.S.-Sino trade talks, a raft of technology company results, including Apple’s, and a Federal Reserve decision on U.S. interest rates.
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