Gold Prices Recovered Some Of Its Losses From Lows As Speculators Took Profits Amid - Dollar Advisory | Best Commodity Tips Provider

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Monday 2 July 2018

Gold Prices Recovered Some Of Its Losses From Lows As Speculators Took Profits Amid

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.

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