Gold Holds Two-Day Drop as Trump Comments Assessed

Wednesday, 12 June 2019 09:24 WIB



Gold held a two-day decline as investors weighed the latest comments by President Donald Trump on trade, with markets anticipating further developments at the Group-of-20 summit later this month.

Trump said he’s holding up a deal with China and he won’t complete the agreement unless Beijing returns to terms negotiated earlier. Separately, the president renewed his attack on the Federal Reserve for high interest rates.

Spot gold +0.2% to $1,329.25/oz at 10:06am in Singapore after -1.1% over previous 2 days.

Source : Bloomberg


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