empty
 
 

2019.08.2806:35:00UTC+00Gold Holds Steady Near Six-year High

Gold prices held steady near a six-year high on Wednesday, after climbing over 1 percent the previous day on concerns of a looming recession.

Spot gold was virtually unchanged at $1,542.42 per ounce, after hitting as high as $1,554.56 on Monday, its highest level since April 2013. U.S. gold futures were marginally higher at $1,552.35.

Gold prices remain supported by uncertainty over future developments in the U.S.-China trade conflict in the wake of mixed signals from both sides.

Investors await the next development in the trade saga amid concerns an escalation of the trade war could plunge the global economy into a recession.

The euro area's government bond yields edged back towards record lows today after a widely-watched gauge of the U.S. Treasury yield curve inverted further on Tuesday.

Meanwhile, Japan's trade and diplomatic dispute with South Korea escalated sharply, with the latter summoning Japan's ambassador to protest a decision to remove Seoul's fast-track export status.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback