Gold held a gain as investors weighed the outlook for global growth amid doubts about the prospects for progress in U.S.-China trade talks.
The global economy is stumbling but not falling over: that’s the analysis of investors and former policy makers at the World Economic Forum in Davos as they argue the expansion is weakening but not by enough to cause a recession.
Spot gold steady at $1,285/oz after gaining 0.4% Tuesday. Bloomberg Dollar Spot Index edged 0.1% percent down.
Larry Kudlow, Donald Trump's top economic adviser, said the scopeof U.S. trade talks with Beijing is broader than before but a final outcome depends on verification of Chinese commitments.