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Gold Rises From 1-Month Low as Bond Sell-Off Pauses
Wednesday, 11 September 2019 10:08 WIB | PRECIOUS METALS |GOLDEMAS Spot EmasSILVER

Gold advanced from the lowest in a month as the sell-off in the U.S. bond market took a breather ahead of key central bank meetings.

Investors are awaiting the European Central Bank's policy decision on Thursday and the Federal Reserve's next week, with some dialing back expectations for more aggressive central bank accommodation. The yield on 10-year Treasuries retreated to 1.71%, after rising nine basis points Tuesday.

Treasuries had come under pressure as the U.S. auctioned $38 billion of three-year notes and investment-grade corporations continued a wave of issuance, expanding the supply of bonds.

Spot gold +0.4% to $1,491.30/oz at 10:20am in Singapore. Prices fell to $1,484.65 on Tuesday, lowest since Aug. 13. Meanwhile, Spot silver +0.5% to $18.0981/oz.

Source : Bloomberg

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