Gold Holds Gain as Trump Says Not Ready to Make Deal
Wednesday, 21 August 2019 09:14 WIB | PRECIOUS METALS |GOLDEMAS

Gold held an advance as President Donald Trump showed no urgency to resolve the trade conflict with China, saying he wasn™t ready to make a deal, while investors awaited more clues on monetary policy.

Trump also renewed his call for a œbig Federal Reserve rate cut. While the minutes of the Fed™s July meeting are due for release Wednesday, they may be outdated given recent market turmoil, with traders likely to focus on Chairman Jerome Powell™s address at the Kansas Fed™s annual Jackson Hole gathering on Friday.

Spot gold little changed at $1,506.35/oz at 8:17am in Singapore; +0.8% Tuesday.

Source : Bloomberg


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