Gold holds on to losses below $1,500 as latest risk-on, USD strength dim the bullion’s attract.
Jackson Hole conference becomes the key event to look at for contemporary impulse.
With the market sentiment turning the danger recovery mode on, Gold costs decline to $1,497 by the press time of Friday morning in Asia.
The bullion has been harassed off-late amid the strength of the USA dollar (USD) and investors’ wait and watch approach prior to the key speeches from the Jackson Hole conference.
Recently revealed upbeat statements regarding the US-China trade deal, by the USA President Donald Trump and White House Economic advisor Larry Kudlow, conjointly exert draw back pressure on the costs.
0 comments:
Post a Comment