Gold Advances as Powell's Comments Counter Inflation
Friday, 12 July 2019 16:47 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold headed for a weekly gain as investors weighed dovish comments by the Federal Reserve and fresh complaints from President Donald Trump about China's trade policy.

While strong U.S. inflation data Thursday offered a potential complication to the Fed ahead of its rate meeting later this month, Fed Chair Jerome Powell suggested there is room to ease monetary policy. Yields on 10-year Treasuries slipped from a one-month high and the dollar weakened.

Spot gold +0.3% to $1,407.51/oz in London, after -1.1% on Thursday. Prices head for +0.7% this week.

Source : Bloomberg

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