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Gold churns above $1,200 as dollar, stocks react cautiously to deepening trade fight

September 18, 2018

Gold futures aimed for back-to-back gains with Tuesday’s modest advance, propped up in part by a sluggish dollar and mild cautiousness in the stock market as the U.S.-China trade battle continued to intensify.

Metals for industrial use, tied to the fortunes of the powerful Chinese and U.S. economies, continue to trade with more sensitivity to the trade developments, though reaction there, too, has been relatively limited so far.

December gold GCZ8, +0.02% was up 80 cents, or less than 0.1%, to $1,206.60 an ounce in early Tuesday trading.

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