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