After hitting six-year high, gold slips a little
One analyst says the gold rally is ‘just the obvious consequence’ of investors expecting at least another two rate cuts by the end of 2019
06 August 2019 - 15:59
Bengaluru — Gold steadied on Tuesday after touching a six-year high as simmering tension between Washington and Beijing propelled investors towards safe-haven assets.
Spot gold was little changed at $1,464.15/oz as at 11.39am GMT after hitting its highest since May 2013 at $1,474.81. Prices had jumped as much as 2% in the previous session...
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