Precious metals rise, platinum surges nearly 3%

Tuesday, 10. December 2019 15:13

Safe-haven assets traded higher on Tuesday with platinum gaining nearly 3% as uncertainty over the trade dispute between the United States and China remained in investors' focus. The latest report said that Washington and Beijing may delay tariffs on each other's imports that were previously scheduled for December 15.

Meanwhile, the US trade negotiators are set to meet Mexico and Canada's delegations in Mexico City to discuss final changes of the United States-Mexico-Canada Agreement (USMCA).

Platinum jumped 2.97% to go for $921.64 per ounce at 9:12 am ET while palladium added 0.75%, trading for $1,897.24 per ounce at 9:05 am ET. Gold traded 0.52% higher, changing hands for $1,468.63 per ounce at 9:05 am ET, while silver increased by 0.50% to go for $16.69 at the same time.

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Breaking the News / GA