Wednesday, 20 February 2019

Gold Prices Rose As Concerns Over A Global Economic Slowdown Spurred

Gold trading range for the day is 33462-34136.

Gold prices rose as concerns over a global economic slowdown spurred a safe-haven bid and were also supported by a weaker U.S. dollar.

Prices were supported by hopes that Sino-U.S. trade talks were making positive progress and expectations of policy stimulus from central banks.

US and China will resume trade talks in Washington, with U.S. President Donald Trump saying he may extend a March 1 deadline for a deal.

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