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18 April 2024

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Gold Climbs as Traders Mull Sluggish China Growth, Fed Rate Path

18-07-2023 10:29 AM


Ammon News - Gold edged higher as Treasury yields fell, with investors weighing the impact of a sluggish Chinese recovery on global growth and signs the US Federal Reserve is nearing the end of its monetary-tightening cycle.

Spot gold rose 0.3% to $1,960.63 at 1:53 p.m. in Singapore, after gaining almost 2% over the previous two weeks. The Bloomberg Dollar Spot Index fell. Silver, platinum and palladium all climbed, according to Bloomberg Economic News Agency.

Bloomberg




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