Gold flat as growth risks offset trade hopes; Powell speech in focus

Spot gold was flat at $1,928.35 per ounce by 0306 GMT. U.S. gold futures rose 0.6% to $1,934.70. “All eyes are on what Powell says this week… there are still a lot of concerns about the economy and they continue to indicate that rates are going be low and stimulus measures will continue, which should boost gold,” said ANZ analyst Daniel Hynes. …read more

Source:: Yahoo Finance

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