Gold Rallies to 10-Month High Amid U.S.-China Trade Optimism, Dovish Fed

From traderslog.com

Gold prices continued to march higher on Tuesday, boosted by optimism around U.S.-China trade relations. Talks between Beijing and the United States aimed at ending a tariff war are set to resume later on Tuesday. Improving trade relations will increase risk appetite and dampen demand for the U.S. dollar as a safe haven, in turn boosting gold. The yellow metal has also been supported by the dovish stance of the U.S. Federal Reserve. The U.S. central bank held interest rates steady in late January and pledged to take a ‘patient’ approach. Lower rates diminish the appeal of the U.S. dollar as an interest yielding ... (full story)