On Thursday, spot gold prices rose by 0.45 percent to close at $1523.0 per ounce after declining in the previous trading session as the yields on U.S. 30 year bond is all set to decline by 27 basis points in this week. Falling yields weighed on the Dollar and pushed the Gold prices higher.
However, rising optimism over a possible trade deal between U.S. & China dented the appeal for the safe haven asset. Both the countries might resume with their trade negotiations but investors might have a cautious approach as an actual deal might take time.
Markets will have a keen watch on the Federal Reserve's annual symposium next week to have a look on their stance ahead.
For Quick Trial – 8871888787 ✔
or mail us here: support@researchicon.com
or visit http://www.researchicon.com/free-trial
or mail us here: support@researchicon.com
or visit http://www.researchicon.com/free-trial
This is dummy text. It is not meant to be read. Accordingly, it is difficult to figure out when to end it. But then, this is dummy text. It is not meant to be read. Period.
ConversionConversion EmoticonEmoticon