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Gold Steady as Investors Weigh Fresh Trade Optimisim


Wednesday, 3 April 2019 09:22 WIB

GOLDEMAS


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Gold steady as investors assess a Financial Times report stating that while the U.S. and China were still working out some trade enforcement issues, officials have resolved most of those surrounding the deal.

Spot gold little changed at $1,291.83/oz at 8:36am in Singapore; +0.4% on Tuesday. Bloomberg Dollar Spot Index steady after +0.1% on Tuesday.

Traders were also weighing the outlook for the economy after reports Tuesday showed the World Trade Organization slashed its global trade growth projection for 2019 to the lowest level in three years, while orders placed with U.S. factories for business equipment fell in February for the third time in four months. Focus now turns to key U.S jobs numbers due Friday.

Source : Bloomberg


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