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Gold prices climb as US bond markets warn of recession


Thursday, 15 August 2019 10:04 WIB

GOLDEMAS Spot Emas


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Gold prices rose on Thursday as an inverted U.S. bond yield curve alarmed investors about rising recession risks, while the protracted Sino-U.S. trade war added to fears of a global economic slowdown, increasing the appeal for safe-haven assets.

Spot emas was up 0.3% at $1,520.19 per ounce at 01:00 GMT.

U.S. gold futures fell 0.1% to $1,526.80 an ounce.

The U.S. Treasury yield curve temporarily inverted on Wednesday for the first time since 2007, an indication that is widely seen by investors as a sign of an upcoming U.S. recession.

Source : CNBC


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