Gold steadied as focus shifted to global growth concerns and interest rate cuts by major central banks.
Fed Chairman is expected to provide further cues on the near-term outlook for monetary policy this week at his semi-annual testimony to the U.S. Congress on the economy.
China’s Central banks are going after gold in 2019, boosting holdings as economic growth slows, trade and geopolitical tensions rise.
Hedge funds and money managers boosted their bullish stance in COMEX gold in the week to June 25, the U.S. Commodity Futures Trading Commission said.
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