Gold prices seesaw between US equity vigour and Brexit woes
A weekly market summary for gold, Mar 11-15
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
GOLD prices exhibited choppy trading conditions as market sentiments shifted between Brexit woes and US stock market vigour this week.
Brexit troubles kept bullion appeal tight as the UK parliament called for three consecutive voting sessions to determine its next course of action on its divorce deal with the EU. UK lawmakers have voted to postpone Brexit whilst PM Theresa May prepares to seek the EU's approval for a deal extension next week.
A three-day winning streak in US stock markets have further imposed bearish pressures on the precious metal as investors pivot towards positive trading conditions in interest yielding assets.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
