Gold prices recovered some of its losses from lows as speculators took profits amid a weaker dollar. Prices also seen some pressure mostly upbeat U.S. economic data, reaffirming investor expectations for a faster pace of rate hikes.
The euro jumped more than a half cent after European Union leaders reached an agreement on migration.
Investors liquidated bullion to cover margins and sought safe havens in U.S. Treasuries and the dollar amid a looming U.S.-China trade war. Expectations that the U.S. Federal Reserve would increase interest rates twice more this year further pressured prices.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
No comments:
Post a Comment