Gold held an advance as President Donald Trump showed no urgency to resolve the trade conflict with China, saying he wasn’t ready to make a deal, while investors awaited more clues on monetary policy.
Trump also renewed his call for a “big” Federal Reserve rate cut. While the minutes of the Fed’s July meeting are due for release Wednesday, they may be outdated given recent market turmoil, with traders likely to focus on Chairman Jerome Powell’s address at the Kansas Fed’s annual Jackson Hole gathering on Friday.
Spot gold little changed at $1,506.35/oz at 8:17am in Singapore; +0.8% Tuesday.
Source : Bloomberg