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Gold Pauses Ahead of Action-Packed Week for Fed, Trade


Monday, 29 July 2019 16:52 WIB

GOLDEMAS


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Gold tread water as investors awaited developments from U.S.-China trade talks this week, while widely anticipating the first interest-rate cut in more than a decade from the Federal Reserve.

Spot gold little changed at $1,418.83/oz. Bloomberg Dollar Spot Index also little changed.

Chinese and American negotiators are scheduled to restart negotiations Tuesday in Shanghai after a run of mixed signals in recent days, with neither side showing a determined urge to compromise. Meanwhile, traders will watch Fed Chairman Jerome Powell’s post-meeting press conference midweek for clues on the path of monetary policy over the rest of this half and into 2020.

Source : Bloomberg


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