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Gold Drops Near 1-Week Low 'Trapped in Twilight Zone'
Tuesday, 16 April 2019 16:15 WIB | PRECIOUS METALS |GOLDEMAS

Gold declined to near the lowest level in more than a week as investors weighed the uptick in the dollar with the pause in the equity rally, while Treasuries steadied amid the earnings season in the U.S.

Spot gold -0.3% to $1,284.63/oz at 7:04am in London after dropping to $1,282.59 on Monday, lowest intraday level since April 4.Prices are down for a fourth straight day, heading for the longest stretch of losses since March 4.

Meanwhile, Chicago Federal Reserve President Charles Evans said the central bank may need to cut interest rates if U.S. inflation falls. Evans currently sees rates on hold until the fall of 2020.

Source : Bloomberg

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