Gold Intraday: On its way back to month-high
George Lam June 1, 2020 5:31 AM
Major U.S. cities from Los Angeles to Philadelphia imposed curfews, amid violent protests, boosting hedging demand for gold...
Spot gold gained traction last Friday, after U.S. President Donald Trump's measures against China. Even though he did not pull out from the phase one trade deal with China, there are still a considerable amount of uncertainty over the future relationship between the world's two biggest nations.
Meanwhile, major U.S. cities from Los Angeles to Philadelphia imposed curfews, amid violent protests after the killing of George Floyd by Minneapolis police. The chaos would be a blow to the fragile economy.
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