Gold rises as Fed flags economic uncertainty; Sino-US trade talks in focus

From brecorder.com

Gold climbed on Thursday after the Federal Reserve warned of rising inflation and labor market risks fuelling economic uncertainty, while investors awaited the outcome of the US-China trade talks this weekend. Spot gold rose 0.9% to $3,392.90 an ounce, as of 0416 GMT. US gold futures firmed 0.2% to $3,399.80. “The focus in the yellow market was on the statements from the Fed, as they left rates unchanged but flagged risk of higher inflation and unemployment,” said Reliance Securities’ senior commodity analyst Jigar Trivedi. The Fed held interest rates steady on Wednesday but said risks of higher inflation and ... (full story)