Gold takes to rounds to $1.500 on Wednesday
Publish Date : 2019/08/14 - 05:28

Gold could settle around the $1,500 ahead of Wednesday’s European open after having surged to the multi-year highs of $1.535 and lowering with new trading news.

The yellow metal came under pressure after the US scaled back tariffs on some Chinese goods from September 1 to December 15, announcing that the two countries' diplomats would continue trade talks.

However, the uptrend did not last long as investors were impressed by the Hong Kong protests and economic calendar events in the Asian region.

Investors have turned to political and trade headlines to find new directions, given that less economic data is available for publication.

Technical: Gold is currently unchanged and trading at $ 1,500 but could fall to 10-day moving average support at $ 1,484.

Source: Fxstreet

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