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Gold has stabilized Thursday, standing just above the lows of a week touched during the previous session after comments by US Federal Reserve Chairman Jerome Powell have wiped out the hopes of a short-term rate cut, strengthening the dollar.
The spot gold price was unchanged at $ 1,276.35 an ounce at 10:02 am GMT, after falling to $ 1,272.74, its lowest level since Wednesday, April 24.
Gold futures in the United States fell 0.5% to $ 1,278.38 per ounce.
The dollar paused in Asia on Thursday after markets were swept away by conflicting messages of Federal Reserve policy.
On Wednesday, the dollar rose after the Fed kept its interest rates steady and showed its reluctance to adjust them at any time, keeping in mind the ongoing gains in jobs and economic growth as well as the probability low inflation.
However, global stocks had a series of wins Wednesday after three consecutive days, due to the Fed's ambiguity on future interest rates.
The gold industry is likely to see increase buyback operations in the near future, as miners struggle to attract a dwindling capital investment reserve, said Wednesday the Chief Executive Officer of the Canadian company Iamgold.
The United States and China are in the process of concluding a trade deal that would cut some of the $ 250 billion of US tariffs on Chinese products, Politico said on Wednesday after US Treasury Secretary Steven Mnuchin said concluded "productive" negotiations in Beijing.
Venezuelans listened to the call of opposition leader Juan Guaido to take to the streets on Wednesday with the aim of forcing President Nicolas Maduro to take power, but there was little concrete sign of change in a crisis that looks more and more like a political stalemate.
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