Gold dips as trade hopes fan risk appetite

Financial Post | Sep 13, 2019 at 3:52 AM
  • Gold prices edged lower on Friday as improved risk appetite amid signs of a thaw in the long-drawn U.S.-China trade tiff drew investors away from the safe-haven metal, while palladium retreated slightly from a record peak hit in the previous session.
  • Asian equities rose as hints of progress in trade talks between the world’s two top economies and aggressive stimulus from the European Central Bank helped buoy risk sentiment.
  • The bigger-than-expected stimulus will increase pressure on the U.S. Federal Reserve and the Bank of Japan to ease policy next week to support a world economy increasingly characterized by low growth and protectionist threats to free trade.