Gold prices steadied as the dollar retreated and equity markets fell on fresh trade fears ahead of the U.S. Federal Reserve’s release of minutes from its last meeting
Beijing was ready to resume talks with Washington, but blamed the latter for frequently “changing its mind” on tentative deals.
Fed Chair Jerome Powell reiterated his unmoved demeanour stating it was premature to ascertain the impact of trade and tariffs on monetary policy.
Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.4% to 739.69 tonnes.
No comments:
Post a Comment