Gold Holds Drop as Traders Focus on US-China Trade, Credit Woes

Gold swung between gains and losses — following a sharp sell-off that swept the broader the precious metals complex at the end of last week — as signs of easing US-China tensions bolstered sentiment across markets.

Bullion fluctuated before trading little changed as Asian markets opened Monday, extending the volatility that followed Friday’s 1.7% drop — the steepest daily loss since May. Silver retreated as much as 1.2% before trimming losses, after closing 4.3% lower in the previous session on signs that a squeeze in London stockpiles may be easing.


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