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Thursday, June 13, 2019

Gold Driven to Higher Ground as Investors Weigh Trade War, Fed

By Ranjeetha Pakiam
and Rupert Rowling


Gold is back in vogue as trade-war risks fester and financial markets look ahead to next week’s Federal Reserve meeting, when policy makers may do more to pave the way for a U.S. interest rate cut.

Bullion posted the 10th gain in 11 sessions. August futures reached the highest for a most-active contract in more than a year on Friday after a feeble U.S. jobs report fueled haven demand.

Exchange-traded-fund holdings have also been rising, posting the biggest weekly increase in two years last week, and central banks including China’s are bulking up reserves.

Read more at Bloomberg.