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(Reuters) – Prices rose on Wednesday, ending a series of four consecutive losses in technical purchases, which should spur things up and cut interest rates.
By 6:11 GMT, it was up 0.5% to $ 1493.50 an ounce. In the previous session, prices had fallen to their lowest level since August 13, at $ 1483.90.
US gold futures rose 0.2% to $ 1502.2 ounce.
Yellow metal prices have fallen more than 4% or more than $ 60 since the peak reached more than six months to $ 1,557 on September 4th.
The risk appetite was sustained ahead of the European Central Bank's monetary policy decisions on Thursday and a meeting of the Federal Reserve next week, as investors hoped for further easing due to slowing global growth .
Gold prices rose about 18%, or more than $ 200, from a low of $ 1,265.85 on May 2nd.
On the trade front, a senior White House advisor lowered Tuesday expectations for the next round of US-China trade talks, calling on investors, businesses and the public to be patient in settling the deal. trade dispute.
At the same time, Asian equities remained stable and bond yields rose on Wednesday.
On other precious metals, it rose 1.1% to 18.21 dollars an ounce, after reaching its lowest level in two weeks at 17.75 dollars in the previous session.
It rose 0.3% to $ 1,566.28 an ounce and 1.2% to $ 941.35.
(Prepared by Moataz Mohamed for the Arab Bulletin – Hala Kandil Edition)
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