Gold gains as investors weigh inversion of the Treasury yield curve, seen as a warning of recession, and Donald Trump's choice of Stephen Moore as a Federal Reserve governor.
President Trump said Friday he's nominating the former campaign adviser for the post at the U.S. central bank. Moore has called December's hike a “substantial mistake,” and cheered effects of tax cuts. In a Bloomberg TV interview, Moore said that he's worried more about deflation than inflation.
Spot gold +0.2% at $1,316.26/oz, heading for highest close since Feb. 27 after run of three weekly gains
Source : Bloomberg