Gold is steady in the early Asian trade. Prices are largely unchanged given the rising macroeconomic uncertainty, the ANZ Research team writes in a note.
The move by the U.S. to delay tariffs on Mexico saw yields on U.S. Treasurys push toward their lowest levels this year, as markets price in the possibility of several U.S. Fed rate cuts this year, given the tariffs' potential impact on growth, they add.
The precious metal is consolidating its upward trend, and there might be room for prices to rise further given its value as a safe-haven asset, Antonio Di Giacomo of trading platform XS.com writes in a note. Spot gold is flat at $2,910.00/oz.
Source: Dow Jones Newswires
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