Gold traded flat on Wednesday after rising 1% Tuesday around six-year highs as slowdown fears took over, thanks to the prolonged Sino-US trade war and the Brexit crisis.
Spot gold fell 0.2% to $1,543.02/ounce and US gold futures also fell 0.2% at $1,552.4/ounce, according to Reuters.
Spot gold fell 0.2% to $1,543.02/ounce and US gold futures also fell 0.2% at $1,552.4/ounce, according to Reuters.
The lack of agreement between the US and China has kept investors edgy.
Meanwhile in the UK, British lawmakers defeated Boris Johnson in the parliament on Tuesday to stop him from going through a non-deal Brexit.
Further, manufacturing data in the US indicated a slowdown in contracted activity contracted for the first time in three years in August. President Trump's threat of being "tougher" on China in the second term did not help., lifting gold higher.
Further, manufacturing data in the US indicated a slowdown in contracted activity contracted for the first time in three years in August. President Trump's threat of being "tougher" on China in the second term did not help., lifting gold higher.
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