Gold Prices Continue To Advance

Trading 20 fév 2019 Donner votre avis

Gold prices extended fresh 10-month highs on Wednesday and the dollar sagged on lower U.S. yields ahead of the Federal Reserve's policy meeting minutes due later today for clues on the outlook for interest rates and its balance sheet.

New York Fed President John Williams on Tuesday said that he sees no need to raise interest rates again unless growth or inflation surprise to the upside.

Spot gold climbed $3.85 or 0.29 percent at $1,345.60 per ounce after hitting of $1,339.33 an ounce in the previous session.

The dollar retreated before Fed policy minutes while the Chinese yuan hit a three-week high on hopes for a U.S.-China trade deal.

Higher-level talks with Chinese Vice Premier Liu are planned later this week while a Xi-Trump meeting is likely next month to strike a deal or secure a memorandum of understanding.

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