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Gold Steady as Investors Weigh Brexit, Slowing Growth


Tuesday, 15 January 2019 13:35 WIB

GOLDEMAS


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Gold was steady amid concerns over Brexit turmoil and slowing global growth following weak data from China and Europe on Monday.

British investors are rushing to buy gold as increasing uncertainty over the outcome of Brexit boosts volatility, according to the Royal Mint, which reporteda jump in sales revenue so far in January. Prime Minister Theresa May is set to see her Brexit deal rejected in a U.K. Parliament vote Tuesday.

The metal's 50-day moving average ticked a few cents above the 200-day moving average to form a golden cross -- a pattern considered bullish by some traders.

Spot gold flat at $1,291.51/oz at 1:50pm in Singapore; +0.1% Monday.

Source : Bloomberg


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