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Gold rose slightly on Wednesday, after collapsing to a maximum in nearly two weeks during the previous session, as equity markets retreated, worried about a possible US recession and that weak data has added to concerns about the economy.
Spot gold was up 0.1% to $ 1,317.14 at 0:26 GMT, after recording its largest percentage decline since a day since March 14 in the US. previous session.
Gold futures in the US also rose about 0.1%, to $ 1,316.80 an ounce.
Asian stocks lost on Wednesday, giving up yesterday's weak gains, as investors tried to deal with a dramatic change in the US bond markets and its implications for the world's largest economy.
Although 10-year benchmark bond yields have remained stable above their lowest level since December 2017, the yield curve has been reversed by about four basis points. If it persists, the reversal is considered an indicator that a recession is likely in one to two years.
Residential construction in the United States fell more than expected in February, as single-family home construction hit a two-year low, while consumer confidence weakened in March, reflecting more of a marked slowdown in economic activity at the beginning of the year.
German 10-year bond yields remained below zero on Tuesday, just above the two-and-a-half-year lows, due to fears of a global economic slowdown and uncertainty over the pace of growth. Impact of a potentially chaotic Brexit on the euro area.
The presidential candidate Donald Trump on the Federal Reserve Board of Governors, Stephen Moore, said the US central bank should immediately lower interest rates by half a percentage point, according to an interview. at the New York Times on Tuesday.
The US House of Representatives did not cancel Trump's first veto on Tuesday, leaving in place the "national crisis" he declared last month for the construction of a US-Mexico border wall that Congress no. did not finance.
British Prime Minister Theresa May will address her conservative lawmakers on Wednesday to set a schedule for her departure in a final dice roll to win support for her Brexit deal, which was rejected in December. twice in Parliament.
China's net gold imports in February via the leading conduit Ho
notg Kong fell by 13.6% from the previous month, as the economic difficulties affected the appetite of the world's largest consumer of ingots.
SPDR Gold Trust, the largest gold-backed exchange-traded fund in the world, said its holdings rose 0.4% on Tuesday.
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