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Asia: Stocks mixed ahead of G-20, Iran and weak dollar lift gold

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Asia: Stocks mixed ahead of G20, Iran and weak dollar lift gold

Asian equities were mixed on Tuesday as investors sat on their hands days before this week's crucial meeting between Donald Trump and Xi Jinping, while gold hit a fresh six-year high on a weaker dollar and the US-Iran crisis.[HONG KONG] Asian equities were mixed on Tuesday as investors sat on their hands days before this week's crucial meeting between Donald Trump and Xi Jinping, while gold hit a fresh six-year high on a weaker dollar and the US-Iran crisis.

On Tuesday Chinese state media said top-level negotiators for both sides had held discussions ahead of the meeting, and"exchanged opinions on economic and trade issues". The call took place"at the request of the US side" and they agreed to maintain contact, the Xinhua news agency said.

Gold prices continue to rise - sitting at highs not seen since September 2013 - as investors seek out the safe haven to hedge against a possible US-Iran conflagration, while the softening dollar is also providing support. Oil prices were unable to sustain the surge started last week by the drone incident, with both main contracts dipping Tuesday.

 

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