Gold extends gains to near 10-month peak

Economies.com
2019-02-20 18:14PM UTC

Gold rose today to near ten-month highs ahead of the Federal Reserve's meeting minutes later today. 

 

Now investors await the Federal Reserve's meeting minutes for the January 29-30 meeting, at which policymakers voted to hold rates unchanged below 2.50%. 

 

President Trump said he'd be happy to cancel tariffs if a deal is reached with China, adding his administration is nearer that goal than ever. 

 

Chinese President Xi Jinping also said the talks will carry on in Washington this week, hoping for an agreement soon before the truce deadline in early March. 

 

However markets still don't see noticeable results despite the positive remarks, spreading doubts. 

 

The dollar index fell 0.1% to 96.4, with an intraday high at 96.6, and a low at 96.4. 

 

Gold rose 0.3% to $1,349.1 an ounce, with an intraday high at $1,348.8, and a low at $1,342.4. 

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