PRECIOUS-Gold flat as investors shift focus to Trump speech By Reuters

© Reuters. PRECIOUS-Gold flat as investors shift focus to Trump speech

Nov 12 (Reuters) – Gold prices were unchanged on Tuesday, as investors waited for clues from U.S. President Donald Trump on the status of trade talks with China and protests in Hong Kong provoked a warning from a Chinese newspaper editor.


* Spot gold was flat at $1,455.55 per ounce by 0057 GMT, after falling to its lowest in more than three months in the previous session.

* U.S. GCv1 were also unchanged at $1,456.60 per ounce.

* Trump is expected to speak at the Economic Club of New York later in the day, where investors anticipate new word on the Sino-U.S. phase one trade deal. The United States and China had agreed to roll back tariffs on each others’ goods as part of the first phase of a trade deal, but Trump denied any such agreement over the weekend. The months-long trade war has roiled financial markets and sparked fears of a global economic slowdown, pushing the precious metal more than 13% higher this year.

* Hong Kong police shot and critically wounded a protester and a man was set on fire on Monday in violence that prompted leader Carrie Lam to denounce “enemies of the people” and drew a chilling warning from a senior Chinese newspaper editor. The events were an escalation in pro-democracy unrest in the Chinese-ruled territory that has lasted five months, as opposition to a now-withdrawn extradition bill broadened into protests against Beijing’s tightening grip on the Asian financial hub.

* Asian share markets got off to a sluggish start on Tuesday amid uncertainty over both the Sino-U.S. trade talks and the Hong Kong political situation. MKTS/GLOB

* Britain’s Prime Minister Boris Johnson won the most significant boost of the election campaign when Nigel Farage’s Brexit Party pulled out of 317 Conservative-held seats in a bid to keep Brexit opponents from controlling the next parliament. (GMT) 0930 UK

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