Originally published on investing.com Prices of the safe-haven gold fell on Friday in Asia as traders continued to monitor Sino-U.S. trade news. The U.S. Gold Futures fell 0.4% to $1,477.45 by 1:42 AM ET (05:42 GMT). On Thursday, U.S. President Donald Trump said trade talks were "moving right along", pushing global equities higher. Uncertainties over a deal remained, as the president’s comments this week sent mixed signals regarding the trade talk progress. Trump said overnight that … [Read more...]
Luxury & Lucrative
An international gold trading outfit is setting the pace in Indonesia’s capital to redefine the true measure of gold. Gold is a ‘safe haven’ for investors especially in highly uncertain times to protect wealth and as a store of value. Indeed, gold is a very powerful tool to hedge against inflation, especially so in emerging markets and because gold tends to appreciate in value when a currency, especially the US dollar, is weak. The price of gold has always been used as benchmark against … [Read more...]
