Gold Holds Decline as Dollar, Bonds Win Out as Havens
Wednesday, 29 May 2019 09:52 WIB |
PRECIOUS METALS |GOLDEMAS Spot EmasSILVER
Gold held a drop even as U.S.-China trade tensions climbed and global growth concerns escalated, with investors favoring the dollar and bonds.
Haven buying drove the 10-year Treasury yield to the lowest since September 2017 after comments from President Donald Trump further dimmed the prospects of a deal with Bejing. The bond rally further inverted a part of the yield curve watched for its history of signaling recessions.
Spot gold little changed at $1,279.29/oz at 10:03am in Singapore; -0.5% on Tuesday. meanwhile, Spot silver +0.1%, Platinum -0.4%, Palladium steady.
Source : Bloomberg
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