Gold was steady near a five-week low as investors weighed prospects of a trade deal that could lift most, or all, U.S. tariffs, boosting risk appetite and dimming the appeal of havens.
Spot gold +0.2% to $1,296.26/oz at 9:18am in Singapore; Metal -1.5% on Friday, biggest drop at close since Aug. 15, and fell below $1,300 to lowest level since Jan. 24. Bloomberg Dollar Spot Index little changed after +0.3% Friday.
Meanwhile, President Donald Trump renewed his criticisms that the dollar was too strong and took a swipe at Federal Reserve Chairman Jerome Powell as someone who “likes raising interest rates.”
Source : Bloomberg