Gold firmer ahead of expected Fed rate cut
The metal benefited as equities took a knock from worry that a US-China trade deal may be delayed
30 October 2019 - 07:52
Bengaluru — Gold prices firmed on Wednesday as a possible delay in US-China trade deal stalled a rally in equities, while investors shifted focus to a US central bank meeting later in the day where it is expected to cut interest rates.
Spot gold rose 0.1% to $1,488.63/oz, as of 4.17am GMT. US gold futures were little changed at $1,490.80...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.