Gold Holds Drop as Traders Weigh Global Growth Outlook
Wednesday, 27 March 2019 09:02 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold held a decline as investors weigh concerns about the global growth outlook, with trade negotiations back in focus.

Markets are steadying as traders speculate the slide in equities and Treasury yields that began Friday in the U.S. was overdone. U.S. and Chinese officials resume high-level trade talks this week as they close in on a deal that could just be the first step in the long road to economic peace.

Meanwhile, Stephen Moore, President Donald Trump's pick for an open Fed board seat, said in an interview with the New York Times, that the central bank should immediately cut rates by half a percentage point.

Spot gold +0.1% to $1,317.33/oz at 8:33am in Singapore; -0.5% on Tuesday.

Source : Bloomberg

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