Gold is steady amid worry over global economic outlook
The metal is little changed as traders await a speech from US Federal Reserve chair Jerome Powell
26 August 2020 - 08:46
Bengaluru — Gold was little changed on Wednesday, as concern over global economic outlook offset pressure from signs of progress in US-China trade negotiations, while investors await a speech from US Federal Reserve chair Jerome Powell.
Spot gold was flat at $1,928.35/oz by 3.06am GMT. US gold futures rose 0.6% to $1,934.70...
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.