Gold steady near the highest level in a month as yields on 10-year U.S. Treasuries hold at the lowest in more than a year amid growing fears of a global slowdown, which is boosting demand for haven assets.
The Federal Reserve may have to put rate rises on hold or even ease policy if forecasts disappoint, Chicago Fed President Charles Evans said Monday. Last week, the yield on 10-year notes fell below three-month bills for the first time since 2007 amid reports showing weakness in the U.S. and Germany.
Spot gold as much as +0.5% to $1,328/oz, the highest level since Feb. 27, before trading -0.1% to $1,321.09 at 9:03am in Singapore
Source : Bloomberg