Tuesday, 26 March 2019

Gold Rose As Investors Appetite For Riskier Assets Faded On Concerns

Gold trading range for the day is 32007-32355.

Gold rose as investors’ appetite for riskier assets faded on concerns about a potential U.S. recession and decelerating global growth.

Chicago Federal Reserve Bank President Charles Evans said that it is a good time for the U.S. central bank to pause and adopt a cautious stance.

Data showed that U.S. manufacturing activity unexpectedly cooled in March and businesses across the euro zone performed much worse than expected this month.

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