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Gold Prices Grind Higher Despite Signs That It Is a Crowded Trade


Tuesday, 3 September 2019 19:44 WIB

GOLDEMAS


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Gold prices edged higher on Tuesday as a combination of nerves over Brexit, Hong Kong and U.S.-China relations all kept haven assets well bid and risk assets on the defensive.

By 8:15 AM ET (12:15 GMT), gold futures for delivery on the Comex exchange were up 0.8% from late Friday at $1.541.35 a troy ounce, while spot gold was up 0.2% at $1,532.29 an ounce.

The risk-off picture was also mirrored in the bond market, where the 30-year Treasury bond yield fell to 1.95%, and the notorious “inversion” of the two- and 10-year yields was still intact after the long Labor Day weekend.

Source : Investing.com


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