Gold prices eased as better-than-expected U.S. jobs numbers and strong factory data from China bolstered sentiment for riskier assets.
The Fed cut interest rates for a third time this year, but signalled there would be no further reductions unless the economy takes a turn for the worse.
Dallas Federal Reserve Bank President Robert Kaplan said the U.S. central bank now has monetary policy at a “roughly” appropriate setting.
Gold discounts in India widened as physical demand cooled because of high prices after a busy festival week while activity in other Asian hubs was largely steady.
No comments:
Post a Comment