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