Gold set for first monthly gain in four on Trump tariff threat, Fed cut hopes
Updated : May 31, 2019 09:43 AM IST
The new threat of tariffs on Mexico, coupled with a string of soggy economic data from the United States this month and the long-drawn Sino-US trade war, also translated into increased bets that the US Federal Reserve could cut interest rates this year.
Spot gold was up 0.2 percent at $1,290.68 per ounce at 0322 GMT.
US gold futures rose 0.3 percent to $1,290.50 an ounce.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more