Gold traded below $1,400 an ounce as investors awaited testimony by Federal Reserve Chairman Jerome Powell later Wednesday for clues on monetary policy and minutes from the central bank's last gathering.
Powell's two days of semiannual testimony in Congress on the economic and policy outlook will be closely parsed, with traders pricing in a rate cut this month, although what the central bank does afterward is uncertain. Also on investors' radars is the latest on the U.S.-China trade war as top officials from both countries hold first talks by phone after the truce.
Spot gold -0.1% to $1,395.77/oz. Spot silver +0.1%
Source : Bloomberg