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Gold Steadies as Investors Weigh Trade Talks, Fed Meet


Wednesday, 24 July 2019 09:10 WIB

GOLDEMAS


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Gold steadied investors as weighed the prospect of a restart in U.S.-China trade talks against next week’s Federal Reserve policy meeting, at which borrowing costs may be reduced for the first time in more than a decade. Silver advanced for the eighth time in the nine sessions.

Spot gold +0.2% to $1,419.95/oz at 10:01am in Singapore after -2% in past three days. Price hit $1,453.09 on Friday, highest since May 2013. Bloomberg Dollar Spot Index flat after +0.4% Tuesday.

Trade Representative Robert Lighthizer and senior U.S. officials are set to travel to China Monday for the first high-level, face-to-face negotiations since talks broke down in May. The discussions in Shanghai may last to Wednesday.

Source : Bloomberg


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