Wednesday, 13 November 2019
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Gold Rises From 1-Month Low as Bond Sell-Off Pauses
Wednesday, 11 September 2019 15:46 WIB | PRECIOUS METALS |GOLDEMAS

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.

Spot gold +0.5% to $1,493.50/oz at 7:42am in London. Prices fell to $1,484.65 on Tuesday, lowest since Aug. 13. Bloomberg Dollar Spot Index steady.

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.

Also on traders™ minds Wednesday were comments by an influential newspaper editor who said China will implement measures to ease the impact of the trade war. China separately released a list of items approved for tariff exemptions that did not include corn, soybeans and pork, as some had expected.

Source : Bloomberg

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