China is widely expected to cut its benchmark lending rate on Monday to provide furthersupport for the coronavirus-hit economy, which shrank for the 1st time on record in the 1st quarter.
Monetary / Fiscal Policy / Policy Makers
Spot Gold Blast – Gold Near 3 Week High – Happy Holi – Bura Na Mano Holi Hai.
Spot gold gained 0.3 percent at $1,316 per ounce as of 0114 GMT, after touching its highest since Feb. 28 at $1,319 in the previous session.
‘No-deal’ Would Prevail if UK’s Brexit plan Unclear by Next Week: France
Gold Silver Reports (GSR) – Britain would only be granted an extension to the Article 50 Brexit negotiation period if its parliament passed the deal on the table or if a clear alternative plan emerged by next week’s EU summit, a French official said on Friday.
Gold Hovers Near 10-month Peak Amid Steady Dollar After Fed Minutes
Gold prices were firm near a 10-month peak on Thursday, with the dollar holding steady in the wake of minutes from the latest U.S. Federal Reserve meeting that rekindled expectations of a possible rate hike later in the year.
Fed says Minutes to be Released on Time as Offices Close
The U.S. Federal Reserve said minutes of its January policy meeting would be released on Wednesday as scheduled though its offices in Washington would be closed due to bad weather.
China-U.S. Trade Talks ‘Making a Final Sprint’: State Media
Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced “step-by-step” progress.
Gold Yellow Metal Bulls Good Upside Momentum
Gold futures prices ended the U.S. day session with solid gains Friday, hit a two-week high and closed at a technically bullish weekly high close.