Gold Advances as Investors Weigh U.S. Outlook, Fed
Monday, 25 March 2019 12:43 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

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 œsubstantial 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

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