Gold held on to a small loss from the previous session on Monday, amid expectations of a US Federal Reserve interest rate hike in September and fears of escalating trade tensions between the United States and China. Spot gold was down 0.1 per cent at $1,194.01 at 0030 GMT, having fallen 0.4 per cent in the previous session. US gold futures fell 0.1 per cent to $1,199.80 an ounce. US jobs growth accelerated in August, with wages notching their largest annual increase in nine years, strengthening views the economy was so far weathering the Trump administration's escalating trade war with China.
The Federal Reserve should keep raising US interest rates until mid-2019, and only then needs to take a decision on when it ought to stop, Dallas Fed President Robert Kaplan suggested on Friday.For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961
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